Market View: February 10, 2012 Newport Beach

1
1161

Median List Price

The median list price in NEWPORT BEACH this week is $1,597,000. Inventory has been tightening but days on market and the Market Action Index have been basically unchanged, not providing strong indications for market conditions.

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes, as it can be a leading indicator for price changes.

PriceĀ 

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.