Newport Coast (November 8, 2013)

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This Week

The median list price in Newport Coast this week is $4,599,000.

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive pear-term outlook for the market.

Supply and Demand

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show sign of prices changing from their current trend.

Price

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.

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