Market View: September 23, 2011 Laguna Beach

0
1064

Median List Price

The median list price in LAGUNA BEACH this week is $1,895,000. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. While still a buyer’s market, prices seem to have responded b moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a seller’s market.

Price     

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point, so watch the Market Action Index to predict how long this trend will last.