The median list price in Corona del Mar this week is $2,298,000.
Inventory has been tightening and days on the market falling. The Market Action Index shows demand trending down. The market is not giving strong up or down signals.
Supply and Demand
The market has been cooling off a bit in recent weeks as more home are available and demand is less. We’re seeing prices move lower as a result. Expect this trend to continue especially if the index falls into the buyer’s zone.
Price
This week prices continue to pull back from their recent highs. Keep an eye on the Market Action Index to look for signs of an extended downward trend.
