Market View: March 23, 2012 Laguna Beach

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Median List Price

The median list price in LAGUNA BEACH this week is $1,795,000. With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have a strong up or down pull.

 

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent week. Watch the Market Action Index for changes, as it can be a leading indicator for price changes.

 

Price

We continue to see prices hovering around the current level. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.