DANA POINT REAL ESTATE MARKET UPDATE - Dana Point, CA 92629
Wed Mar 20 2019
This week the median list price for Dana Point, CA 92629 is $1,847,000 with the market action index hovering around 29. This is an increase over 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!
Market Action Index
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.
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.