What happened in Long Beach September? Well it really wasn't as bad as people had predicted and in the end looks like a pretty good month.
Let's let the data tell the story and do some analysis and see what is going on.
New Owners
204 new owners are now in the city of Long Beach. These are both condos and homes included in this figure.
New Sellers
At the same time that 204 new people were purchasing properties 315 new sellers entereted the market. That is just over 10 new properties were listed in Long Beach each day of the month. There are still sellers who want to sell, need to sell, and are ready to tackle the real estate market.
Sellers that Didn't Quite Finish
Expired listings are homes that didn't find buyers for various reasons. Sometimes sellers didn't want to accept offers at a certain price and other times the reason or motivation to sell changed. Either way expired listings are ones that have left the market and are not available for sale. 115 sellers made this choice in Long Beach.
So if you look at the fact that 115 sellers expired and 204 were removed from the market via closed sales that is 319 properties removed from the market or a net loss of about 4 units. So the market is still active and buyers are still buying properties.
What does it all really mean?
Even with all of the stock market news, home selling news, & the "financial crisis" that is occurring people are still buying and selling properties. It really comes down to is it the "right" time for you. Only you can make that decision just make sure you have all the information you need to make a decision.
Do you want to know more? Search here at the blog for more articles and information or sign-up for our FREE MLS and see what is available in a neighborhood you want.
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