Newport Beach had a good June. Volume was up significantly in Single Family homes, up 18% compared to May and 30% compared to last June. Prices also held relatively stable. A significant increase in volume not paired with a sharp decline in prices should indicate that the prices have stabilized and there are buyers in the market. This should hopefully mean that Newport Beach is picking up steam in the long run. Make sure to pay attention to what happens in the coming months to see if this is sustainable.
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