Wed Feb 20, 2019
This week the median list price for Dana Point, CA 92629 is $1,695,000 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 107.
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 shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator of price changes.