Long Beach Metro Prices

Market Update for November 2025

Market Update for November 2025

U.S. sales of existing homes rose 1.2% from the previous month to a seasonally adjusted annual rate of 4.10 million, according to the National Association of REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall. Sales increased in the Midwest and South, held steady in the Northeast, and edged down in the West. Year-over-year, sales were up 1.7%, with gains in the Northeast, Midwest, and South, while the West posted a decline.

New Listings decreased 17.6 percent for Single Family homes and 11.0 percent for Townhouse-Condo homes. Pending Sales decreased 46.1 percent for Single Family homes and 52.9 percent for Townhouse-Condo homes. Inventory decreased 9.0 percent for Single Family homes but increased 18.2 percent for Townhouse-Condo homes.

Median Sales Price increased 0.9 percent to $1,150,000 for Single Family homes and 4.9 percent to $729,000 for Townhouse-Condo homes. Days on Market increased 30.0 percent for Single Family homes and 43.3 percent for Townhouse-Condo homes. Months Supply of Inventory decreased 8.0 percent for Single Family homes but increased 25.9 percent for Townhouse- Condo homes.

Nationally, inventory dipped 0.7% month-over-month but rose 10.9% year over year, totaling 1.52 million units, according to NAR. At the current sales pace, supply stands at 4.4 months, slightly below last month’s level but higher than the 4.1 months recorded a year ago. Supported by modest inventory levels, prices continue to rise, with the national median existing home price increasing 2.1% year-over-year to $415,200, marking 28 consecutive months of annual gains. 

For local neighborhood updates in Long Beach, go to my Latest Market Reports and Statistics, automated reports (every 2 days), at https://www.abodes.realestate/market-reports-newsletter