Corona Del Mar (May 16, 2014)
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are positive trends for the market.
Supply and Demand
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the Market Action Index in the seller’s zone, it is not surprising that prices have recently resumed their climb.
Prcie trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.