Median List Price
The median list price in NEWPORT COAST, CA 92657 this week is $2,849,000. With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have a strong up or down pull.
Supply and Demand
The market has settled in at a relative stasis in inventory and sales conditions. It’s a Buyer’s market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
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.