Well it is important that we be able to track the history of what is happening. After all if we don't learn history we are destined to repeat it right? So let's take a look at the sales data for June. Shortly the July numbers will be available so we will have a really good idea of what is happening.
All data is taken from SoCalMLS which is the area that services the Long Beach area. Properties not listed for sale in the MLS or sold private party without going into the MLS system will not be reflected in these figures.
Sales figures are for residential sales. No commercial properties (properties above 5 units, vacant land, or other commercial property are not included in these figures).
June 2007 Sales Data
- New Listings - 466 new
- Active Listings at the End of June - 1,520
- Properties that went into Escrow (Pending and Backup) - 110 (35 Backup & 75 Pending)
- Closed Sales - 273
- Expired - 143
So if you look at the data it would look like there were very few new properties that went into escrow and many that were closed out from a fairly decent May. It appears that the sellers who want to sell are still putting there homes up. I have a feeling that July numbers will tell a different story so stay tuned for that.
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