The latest Coronado, CA sales statistics are in...courtesy of Altos Research.
Summary:
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish
signs for prices.
Action Index shows demand heating up. These are relatively bullish
signs for prices.
Price:
This week saw relatively little price change from last week.
However, prices continue demonstrate a nice up trend in general
over the last several weeks.
However, prices continue demonstrate a nice up trend in general
over the last several weeks.
Supply & Demand:
Home sales have been exceeding new inventory for several weeks.
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to
keep marching upward, especially once we see a Seller's Market.
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to
keep marching upward, especially once we see a Seller's Market.
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