Market View: November 25, 2011 Laguna Beach

0
1298

Median List Price

The median list price in LAGUNA BEACH this week is $1,895,000. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market increasing, these are mildly negative indicators for the market.

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 hover around the currently level, even though they bumped up a bit this week. Look for a persistent up-shift in the market Action Index before we see prices move significantly from here.