Snapshot Market Review of Long Beach Nov. 2019

Long Beach in November

According to data from CAR, there were fewer active listings in November compared to one year before, but an increase in sales compared to one year before., and an increase in median price.  But there's also one-third of the active listings with reduced prices, suggesting that more sales occur from reduced prices! Although this chart doesn't reflect a breakdown, the higher priced luxury listings are lagging and are more likely to have price reductions,  compared to the non-luxury listings.

The Report for Los Angeles County shows similar trends: increase in home sales, increase in median price, decrease in active listings and similar percentage of inventory with reduced price.

Los Angeles County in November

Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996