The median list price in Corona del Mar this week is $3,177,000.
Inventory has been decreasing lately, but the Market Action Index is falling also. With days on market climbing, these are relatively negative implications for the market.
Supply and Demand
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the seller’s market zone. And prices have been moving upward as evidence.
In Corona del Mar, this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.