Corona del Mar (November 22, 2013)

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This Week

The median list price in Corona del Mar this week is $2,837,000.

Demand measured by the Market Action Index is increasing and days on the market is trending downward. These are. positive trends

Supply and Demand

The market has been cooling off in recent weeks as more homes are available and demand is lessening. Prices are moving lower as a result. Expect this trend to continue, especially if the index falls into the buyer’s zone. Watch for a persistent upturn in Market Action to signal prices rising again.

Price

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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