DANA POINT REAL ESTATE MARKET UPDATE: Dana Point, CA 92629
Wed Jun 05 2019
This week the median list price for Dana Point, CA 92629 is $1,751,500 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 134.
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. An index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
FOR MORE INFORMATION, CALL MIKE BROWN BROKER OR BILL FERDI LUXURY HOME AGENT AT 760.822.8734.