The median list price
in Corona del Mar this week is $2,589,500. Inventory has been lightening lately, and the Market Action Index has been trending up. 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.
The market for Corona del Mar continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.