Median List Price
The median list price in CORONA DEL MAR this week is $2,595,000. 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 been exceeding new inventory for several weeks. However, because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there.
Prices have been on a downward trend recdently, and this week, while essentially flat, doesn’t break us out of that cycle.