LA JOLLA, CA Market Report for the Week of May 13, 2013
The median list price in LA JOLLA, CA this week is $2,785,000.
Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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For more information about single family homes in LA JOLLA, CA contact Maxine Gellens.