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September 10, 2013 – Coastal Market Update – Newport Beach

The median list price in Newport Beach is $2,199,000.
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

 
 

 

 

Source: Altos Research