Market View: September 16, 2011 Laguna Beach

0
1022

Median List Price

The median list price in LAGUNA BEACH this week is $1,812,500. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening 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

Recently, pries in this zip have settled at a plateau, even though they dipped a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.