Corona del Mar (December 20, 2013)

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This Week

The median list price in Corona del Mar this week is $3,147,500.

Inventory has been tightening and he Market Action Index falling. These are relatively negative market conditions.

Supply and Demand

Home sales have been exceeding new inventory for several weeks and prices have not stopped falling. Since the market is in the seller’s zone, expect prices to level soon.

Price

Prices are on a downward trend. This week doesn’t break out of that.

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