La Jolla - Week of October 20th, 2014
Single Family Homes
This WeekThe median list price in LA JOLLA, CA this week is $2,650,000. The 227 properties have been on the market for an average of 171 days.Inventory and days-on-market are both trending higher recently.However, the improving Market Action Index implies some increased demand will temper the negative trends. Supply and DemandThe market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes. |  |
Median Price
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
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Data Provided by and Copyright Altos Research LLC
