Everyday and month the Long Beach CA real estate pricing trends up, down or stabilizes. Instead of looking to CNN or Zillow.com for real estate news, we have decided to give you the straight scoop of real estate facts. Let’s look into the numbers for Long Beach CA real estate trends February 2019 verse 2018.
- 1 How is the Long Beach CA Real Estate Trends February 2019?
- 2 How Long Does it Take to Selling a Long Beach CA House?
How is the Long Beach CA Real Estate Trends February 2019?
I get all of the data from my membership in the California Regional Multiple Listing Service and through property data records. The current average selling price of Long Beach homes in February 2019 is $707,777. That is up 5.0% from 2018. Prices in 2018 were at $674,024 for a house in Long Beach, California.
How Long Does it Take to Selling a Long Beach CA House?
In 2019, it is taking 45 days to sell a home from the time it was listed until it goes under contract and opens escrow. In 2018, it took only 38 days.
What would cause a longer time frame? More inventory.
In February 2019, there is 2.4 months of supply which is up 33.30% from 2018. More inventory of Long Beach homes means more competition for a real buyer to buy your home if you are selling.
What are Homeowners Willing to Take on the Average for their Long Beach Homes?
In 2019, homeowners are selling their homes for 97.00% of the listed price. The more competition, the more flexible the prices are going to be in most markets.
Watch My 3 Minute Video as I Go Over the Long Beach CA Real Estate Trends February 2019 Statistics
If you want to know what is happening in the Long Beach real estate market February 2019, then watch this short video. As a local Long Beach Realtor®, I will share with you the overall view of the housing prices so you can gather some wisdom to make good investment decisions.
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