Single Family Homes Market Report for La Jolla for the week of July 23, 2012
The median list price in LA JOLLA, CA this week is $1,945,000.
Inventory has been a bit scarce lately and the Market Action Index has been climbing up. Though days-on-market is increasing, these are moderately positive indications for the La Jolla market.
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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.
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