Market View: February 17, 2012 Laguna Beach

0
1120

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.

Price     

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.