The median list price in Laguna Beach is $2,397,450. 
The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

Supply and Demand
The market has been consistently cool for several weeks. Demand levels are low relative to the available inventory.

Price
Prices have been on a downward trend recently, and this week, while essentially flat, doesn’t break us out of that cycle.

Source: Altos Research