Market View: June 29, 2012 Laguna Beach

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Median List Price

The median list price in LAGUNA BEACH this week is $2,295,000. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

 

Supply and Demand

The market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks, prices have been moving higher. Since it is technically a buyer’s market, this price trend may be a result of improved quality of the homes being listed.

 

Price

Prices continued their recent upward trend this week. While still below the market’s high point, we’ve seen a nice run recently.