La Jolla, CA Market Report for the Week of December 10, 2012

The median list price in LA JOLLA, CA this week is $2,495,000.

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.

Price

Despite this week’s down tic, price trends have generally been moving up lately.

CLICK HERE to download the full La Jolla, CA Market Report.

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