The median list price in Corona del Mar this week is $2,125,000.
Inventory is up and the Market Action Index is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening.
Supply and Demand
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Price
This week prices in this zip code continued to pull back from their recent highs. Keep an eye on the Market Action Index to look for signs of an extended down trend.
