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LA JOLLA, CA Market Report for the Week of March 26, 2013

La Jolla Community | 29th Mar 2013

The median list price in LA JOLLA, CA this week is $2,750,000.

Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
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Supply and Demand

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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Price

Despite this week’s down tic, the price trend remains upward for several weeks. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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CLICK HERE to download the full market report for LA JOLLA, CA.
For more information about single family homes in LA JOLLA, CA contact Maxine Gellens.

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