The median list price in Corona del Mar this week is $3,795,000.The Market Action Index has been climbing lately while days-on- market are trending down, these point to a positive near-term outlook for the market.
Supply and Demand
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Price
While this week the median price in this zip code didn’t fluctuate much, we are relatively clos 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.
