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July 17, 2013 – Coastal Market Update – Newport Coast

The median list price in Newport Coast this week is $4,590,000. 
Even though the days on market are trending higher, so is the Market Action Index at these inventory levels, providing a neutral 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 no sign of prices changing from their current trend.

 

 

Source: Altos Research