La Jolla, CA Market Report for the Week of December 10, 2012
The median list price in LA JOLLA, CA this week is $2,495,000.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Despite this week’s down tic, price trends have generally been moving up lately.
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For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens