The median list price in CORONADO, CA this week is $2,195,000.
Inventory is tightening and days-on-market is falling. But demand
as measured by the Market Action Index is also trending down. The
market is not giving strong up or down signals from these data.
Supply and Demand
In terms of supply and demand, the market is getting cooler - more
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is
technically a Buyer's market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past.
Price
Prices continue their climb again this week. We're a long way
from the market's price high-point so watch the Market Action
Index as an indicator of how long this trend will last.
from the market's price high-point so watch the Market Action
Index as an indicator of how long this trend will last.
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