Newport Coast (December 20, 2013)

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This Week

The median list price in Newport Coast this week is $4,650,000.

Inventory is tightening and days on the market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Supply and Demand

The market continues to get hotter. More sales and demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from current market levels.

Price

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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