Median List Price
The median list price in CORONA DEL MAR this week is $2,799,999. Even though days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. However, because of excess inventory, prices have not yet started climbing. Should the sales trend continue, expect to see upward pressure on pricing.
We continue to see prices hovering around the current level, even though they bumped up a bit this week. Look for a persistent up-shift in the market Action Index before we see prices move significantly from here.