THE MEDIAN LIST PRICE in Newport Beach is $2,395,000.
With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.

SUPPLY & DEMAND
In terms of supply and demand, the market is cooling – more supply is coming on the market relative to the sales demand.

PRICE
This week saw relatively little price change from last week.

Source: Altos Research