Corona del Mar (June 14, 2013)

0
1427

This Week

The median list price in Corona del Mar this week is $2,975,000.

Inventory is up, and market action is trending down recently. While days on market appear to be trending lower, the overall conditions are weakening a bit.

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes, as it can be a leading indicator for price changes.

Price

Again this week in Corona del Mar we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

corona DEL MAR_92625-29