Market View: June 1, 2012 Newport Coast

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Median List Price

The median list price in NEWPORT COAST this week is $3,399,750. With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

 

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.

 

Price

In the last few weeks, we’ve seen prices bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.