Median List Price
The median list price in NEWPORT BEACH this week is $1,610,000. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
Home sales have begun exceeding new inventory. While still a buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Price Â
This week saw relatively little price change. However, the market appears to be trying to establish an up trend. The Market Action Index is s good leading indicator for the durability of this trend.
