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October 21st, 2013 – Coastal Market Update – Corona del Mar

The median list price in Corona del Mar this week is $3,245,000.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

supply and demand

Home sales have been exceeding new inventory for several weeks. Should the sales trend continue expect that prices could climb from there.

 

 

  

 

 

Source: Altos Research