Market View: May 11, 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 tightening and days-on-market falling. 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 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

We saw no price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.