Market View: September 30, 2011 Corona del Mar

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Median List Price

The median list price in CORONA DEL MAR this week is $2,300,000. 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. While this is still a buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a seller’s market.

Price      

This week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.