The median list price in Corona del Mar this week is $ 3,175,000.
Even though the days-on-market is trending higher, so is the market action index at these inventory levels, providing a neutral outlook for the market.
Supply and Demand
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the seller’s market zone and prices have been moving upward as evidence.
Price
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high water mark. Watch for persistent downward shift in the market action index into the buyer’s zone as a leading indicator of the price strength subsiding.
