Market Update for February 2025
Long Beach February 2025 Market - February single family home average price was $1,040,852, a decrease of 2.9% from one year ago; the inventory has risen by 15% from one year ago.
Condominium average price for February was $526,836, an decrease of 11% from one year ago.
Nationally: The limited number of properties for sale has continued to push home
prices higher nationwide. At last measure, the national median existing home
price was $396,900, a 4.8% increase from one year earlier, with
prices up in all four regions, according to National Association of Realtors. Meanwhile, total housing
inventory heading into February stood at 1.18 million units, up 3.5% month- over-
month and 16.8% year-over-year, for a 3.5-month supply at the current
sales pace.
Below are two views of local market prices in Long Beach.
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Single Family and Condo data for February 2025
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