Tue Feb 05 2019
This week the median list price for Laguna Niguel, CA 92677 is $1,249,450 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 154.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
MORTGAGE INTEREST RATES ARE STILL AT AN HISTORICAL LOW, AND NOW IS THE TIME TO SELL YOUR HOME DUE TO HIGH DEMAND, OR PURCHASE YOUR DREAM HOME...CALL MIKE BROWN LUXURY HOME BROKER FOR SOUTH ORANGE COUNTY AT 760.822.8734