Market Update and Homes for Sale in Newport Beach, CA
Newport Beach continues to have an increase in sales over February. In March, there were 76 sales with only 1 property which was a distressed sale. In February, 2015, there were 49 sales. Newport Beach currently is favoring a seller’s market with an absorption rate of 4.3 months.
It is a great time to buy a Newport Beach home, as there are still good interest rates.
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