Newport Coast (October 25, 2013)

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This Week

The median list price in Newport Coast this week is $4,289,000.

Inventory has been tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from this data.

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

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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