Market View: May 4, 2012 Corona del Mar

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Median List Price

The median list price in CORONA DEL MAR this week is $2,595,000. 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 Action Index has been trending lower for several weeks, while prices have remained relatively stable. If inventory continues to grow relative to demand, however, it is likely that we will see downward pressure on pricing.

 

Price

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