The median list price in Newport Coast this week is $4,700,000.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days on market is increasing, these are mildly positive indications 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
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
