Corona del Mar: January 4, 2013

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The median list price
in Corona del Mar this week is $2,764,500. Even though the days on market are 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. While still a buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a seller’s market.

Price
In Corona del Mar, this week saw relatively little price change from last week. However, we continue to demonstrate a nice up-trend in general over the last several weeks

 

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