THIS WEEK IN CORONADO:
The median list price in CORONADO, CA this week is $2,100,000.
With inventory and days-on-market basically unchanged and the
Market Action Index increasing, the market is not sending strong
directional signal for the near-term outlook.
With inventory and days-on-market basically unchanged and the
Market Action Index increasing, the market is not sending strong
directional signal for the near-term outlook.
SUPPLY AND DEMAND
Home sales have been exceeding new inventory for several weeks.
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.
PRICES
Again this week we see a downward notch for prices. Pricing has
been weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for the
durability of this trend.
been weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for the
durability of this trend.
Thanks for reading! To get weekly PDFs of Coronado real estate market reports, contact christinevt@prusd.com with MARKET REPORT in the subject line.
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