Market View: March 9, 2012 Corona del Mar

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Median List Price

The median list price in CORONA DEL MAR this week is $2,299,000. The Market Action Index has been trending down recently, but as days-on-market decreases also, there are not strong signals for the direction of the market.

Supply and Demand

The market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks, prices have been moving higher. Since it is technically a buyer’s market, this price trend may be a result of improved quality of the homes being listed.

Price

the market continues its bounce again this week. We’re a long way from its high point, so watch the Market Action Index to predict how long this trend will last.