The inventory in Newport Coast in zip code 92657 over the past two years has declined as shown below. The number of sales have  also increased especially in the last 2 months. With the decreased inventory, we are seeing multiple offers on properties, and sellers are getting close to their asking price.

Newport Coast Inventory in zip code 92657

The months of inventory has also declined or absorption rate has declined. Absorption rate is basically the length of time it will take to sell all the active listings assuming that no new listings are added. Two years previously, there was an absorption rate on one month of over one year, and as of July, 2012 shows 5 months which indicates a stable market.
Newport Coast Months of Inventory

Search the MLS for Newport Coast homes for sale in 92657.

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