Median List Price
The median list price in LAGUNA BEACH this week is $1,797,000. Inventory is up and the Market Action Index is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
The market has been cooling in recent weeks. Since this is a buyer’s market, where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Prices have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.