NEWPORT BEACH (October 3, 2014)

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newport beach finalThe median price in Newport Beach is $2,299,000.

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

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

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.