LA JOLLA, CA Market Report for the Week of April 26, 2013
The median list price in LA JOLLA, CA this week is $2,750,000. The Market Action Index has been trending down recently, but as days-on-market decreases also, there are not strong signals for the direction of the market.
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
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.