This Week
The median list price in Corona del Mar this week is $2,575,000.
Inventory is up and the Market Action Index trending down recently. Overall conditions are weakening.
Supply and Demand
The market has been cooking off a bit in recent weeks as more homes are available and demand is less. Prices are moving lower as a result.
Price
Again this week we see a downward notch in prices, continuing to pull back from market highs. At this point, we will be looking for a persistent upward shift in the market as an indicator for a trough in prices.
