La Jolla - Week of June 7th, 2015
Single Family Homes
This WeekThe median list price in LA JOLLA, CA this week is $2,850,000. The 189 properties have been on the market for an average of 141 days.Demand measured by the Market Action Index is increasing and dayson-market is holding steady. With more properties coming available, conditions are mildly positive. 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
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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.
The LA JOLLA market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.26 so buyers should expect to find reasonable levels of selection.
Market Action Index
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Data Provided by and Copyright Altos Research LLC
