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

La Jolla Community, News | 27th Apr 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.

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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.
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Price

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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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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