Market View: January 6, 2012 Newport Coast

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Median List Price

The median list price in NEWPORT COAST this week is $2,999,497. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing a strong indication 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 of price changes.

Price    

We continue to see prices hovering around the current level. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.