Courtesy of Escrow Leaders and Altos Research
Tue Feb 05 2019
This week the median list price for Dana Point, CA 92629 is $1,575,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 108. Click here to stay informed with the Dana Point market!
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.
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.
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