You know often it helps to know what is going on in the local real estate market before you decide you want to buy or you want to sell. We thought we would let everyone know what is going on in the Long Beach Real Estate market so you can make the decision that works best for you!
So what did happen in April in Long Beach. Let's take a look at the numbers.
- Active properties at the Beginning of the Month: 1,102
- Active properties at the End of the Month: 1,661
- New properties that came on the market: 571
- Number of properties sold in the month: 204
All of the above numbers were taken from the MLS system that covers the Long Beach area which is SOCALMLS. All of the above numbers are for residential properties only and do not include income properties which are properties classified as 2 or more units.
So what does all of this mean for the Long Beach Real Estate Market? I think it means that we currently have 8.14 months supply of properties available. Remember that under 6 months is considered a sellers market and between 6-12 months supply it is considered a balanced real estate market. So we are doing pretty well. Each area is different in Long Beach but we will break that down in future posts. For now let us know what you think.
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