Median List Price
The median list price in NEWPORT COAST this week is $2,960,000. Inventory has been tightening lately but the Market Action Index is falling also. With days-on-market is increasing, these are relatively negative indications for the market.
Supply and Demand
The Market Action Index has been trending lower for several weeks, while prices have remained relatively stable. If inventory continues to grow relative to demand, however, it is likely that we will see downward pressure on pricing.
Price
Recently, prices have settled at a plateau, even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
