Market View: June 1, 2012 Laguna Beach

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Median List Price

The median list price in LAGUNA BEACH this week is $1,999,000. 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 Action Index has been trending lower for several weeks, while prices have remained relatively stable. If inventory continues to grow relative to demand, however, it is likely that we will see downward pressure on pricing.

 

Price

We continue to see prices bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.