La Jolla, CA Market Report for the Week of October 29, 2012
The median list price in LA JOLLA, CA this week is $1,990,000.
Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.
Supply and Demand
The market has settled in at a relative stasis in inventory and sales conditions. It’s a Buyer’s market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
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 La Jolla Single Family Homes, contact Maxine & Marti Gellens