Newport Beach Heading Towards Balanced M ...
After months of being a heavy buyers’ market, Newport Beach seems to be inching towards a more balanced inventory as the supply of homes for sale steadily moves lower, data from Newport-based real estate firm Donovan Blatt shows.A year ago, the supply of Newport Beach homes exceeded 12 months, more than twice the 6-month limit required to achieve a balanced market. Six months later, the inventory dropped to a 9.41-month supply; the next thr ....
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