The median list price in Newport Coast this week is $4,350,000
Inventory is up and Market Action is trending down recently. While days-on-market is trending downward, the overall conditions are weakening a bit.
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, it is likely to see downward pressure on pricing.
Price
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high water mark. Watch for a persistent downshift in the Market Action Index before prices deviate from this level.
