Newport Coast (March 24, 2014)

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This Week

The median list price in Newport Coast this week is $4,122,500

Inventory is up and Market Action is trending down recently.

Supply and Demand

The market has been consistently cool for several weeks. Demand levels are low relative to available inventory. If inventory continues to grow, it is likely to see downward pressure on pricing.

Price

Prices have plateaued here at the all time high. When we see these conditions, pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.