The median list price in Corona del Mar this week is $3,150,000.
Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.
Supply and Demand
The market appears to have begun to cool. As we’re still notably in the seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the buyer’s zone.
Price
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
