The median list price in Corona del Mar this week is $3,150,000.
The Market Action Index has been climbing lately while days-on-market is trending lower. These point to a positive near-term outlook for the market.
Supply and Demand
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the Market Action Index in the seller’s zone, it is not surprising that prices have recently resumed their climb.
Price
Prices are marching upward, getting close to the market’s all-time high. Watch for persistent downward shift in the Market Action Index into the buyer’s zone as a leading indicator of the price strength subsiding.
