Corona del Mar (May 31, 2013)

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This Week

The median list price in Corona del Mar this week is $3,200,000.

The Market Action Index has been trending down lately, while inventory and days on market are climbing. These trends imply a weakening market.

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

Price trends in Corona del Mar continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice rune recently.

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