Market View: February 3, 2012 Laguna Beach

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Median List Price

The median list price in LAGUNA BEACH this week is $1,785,000. Inventory has been tightening and days-on-market decreasing recently. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals in these data.

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.