Sales Decline in Long Beach Real Estate Market

Home sales in the Long Beach market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 11.2% to 286 homes sold over the last 30 days. In comparison, nearby Los Angeles had 1,923 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $519,950 over the latest reporting period for Long Beach, down from $527,250. There are only two months of inventory available in Long Beach, so it's a strong seller's market, even with the decrease in sales.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Long Beach:

$365K   $335K   $709K  

Get started right now by checking out Long Beach homes for sale or reviewing Long Beach real estate trends.

Demographic facts about Long Beach:

  • The percentage of the population who own their homes is 38.6%.
  • The student-to-teacher ratio is 22.6:1. (15.3:1 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Pacific West Associates
Snapped 23 homes in this area
Bershire Hathaway Home Services
Snapped 6 homes in this area
Trg Realty Company, Inc.
Snapped 25 homes in this area

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