Median List Price
The median list price in CORONA DEL MAR this week is $2,597,500. The Market Action Index has been trending down recently, but as days’ on-market decreases also, there are no strong signals for the direction of the market.
Supply and Demand
The market has been consistently cool for several weeks. Demand is low relative to the available inventory. It’s a buyer’s market, and prices continue to fall. Look for a persistent shift in the Market Action Index before prices plateau or begin to rise again.
Prices have been on a downward trend recently, and this week, while essentially flat, doesn’t break us out of that cycle.