La Jolla, CA Housing Market Report for the week of July 30, 2012

The median list price in LA JOLLA, CA this week is $1,895,000.

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.

Prices

Despite this week’s down tic, price trends have generally been
moving up lately. Prices are below the market’s high point, and
so watch the Market Action Index as an indicator of how long this
trend will last.

Click here to download the full La Jolla Market Report.

For more information about La Jolla Single Family Homes, contact Maxine & Marti Gellens