LA JOLLA, CA Market Report for the Week of August 10, 2013
The median list price in LA JOLLA, CA this week is $2,600,000.The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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For more information about single family homes in LA JOLLA, CA, contact Maxine Gellens.
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