Wed Feb 20, 2019
This week the median list price for Laguna Niguel, CA 92677 is $1,197,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 158.
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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.