Median List Price
The median list price in NEWPORT COAST, CA this week is $2,595,000. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
The market has been consistently cool for several weeks. Demand levels are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break out of that cycle.