Market View: June 17, 2011 Corona Del Mar

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Median List Price

The median list price in CORONA DEL MAR, CA 92625 this week is $2,099,000. With inventory trending up but days-on-market trending down, conditions do not seem to have a 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

We continue to see prices in this ZIP code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.