Market Update for July 2025
Market Report for July, 2025
Nationally:
U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.
New Listings decreased 12.7 percent for Single Family homes and 2.9
percent for Townhouse-Condo homes. Pending Sales decreased 40.6
percent for Single Family homes and 48.9 percent for Townhouse-Condo
homes. Inventory increased 14.9 percent for Single Family homes and 48.1
percent for Townhouse-Condo homes
Median Sales Price increased 1.2 percent to $1,194,000 for Single Family
homes and 0.4 percent to $702,000 for Townhouse-Condo homes. Days on
Market increased 42.9 percent for Single Family homes and 42.3 percent
for Townhouse-Condo homes. Months Supply of Inventory increased 17.9
percent for Single Family homes and 55.6 percent for Townhouse-Condo
homes.
Nationally, the median existing-home sales price rose 2.0% year-over-year
to $435,300, a new monthly high and the 24th consecutive month of annual
price gains, according to NAR. Slower sales activity has contributed to
rising inventory this year, with 1.53 million properties listed for sale heading
into July, a 15.9% increase from the same time last year and equivalent to a
4.7-month supply at the current sales pace.
Below are local market prices in Long Beach for July:
Average Sales Price in July for SFR: $1,061,173. A decrease of over 7.7% since one year ago.
Average Sales Price in July for Condo: $623,292. An increase of 8.7% from one year ago.
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| July Condo and SFR |
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