Long Beach Sales and Listings Trends; County Sales and Listings Trends

Closed Sales Graph for PWR Region

In the region covered by the Pacific West Association of Realtors, extending over south Los Angeles County and Orange County cities, the graph clearly illustrates falling volume of sales. Single family homes closed in January 2022 were at 1,650, while SFRs closed in January 2023 were at 1,091.  Townhouse-condo closings were similar: 849 last year vs. 471 sales in January 2023 -- a drop of almost 50%

But the new listings on market show an improvement over the same geographic area:

Homes for Sale Graph in PWR Region

January 2023 shows an active inventory increase of 12.5% for single family homes, and an increase of 30.6% increase for condominiums-townhouses compared to one year ago.  Neither are as high as 2021, but the upswing shows more owners are moving on to allow more buyers to enter the market.

Long Beach Graph for January 2023

Long Beach for January 2023 compared to January 2022:

SFR Average Sales Price - $948,090 (down 6.7%);

        Inventory - 192  (down 8.1%)

        Days on Market - 40  (increase of 81.8%)

        Closed Sales - 91  (down 23.5%) 

Condo Average Sales Price - $574,713 (increase 0.8%)

        Inventory - 192 (decrease 8.1%)

        Days on Market - 40 (increase 110%)

        Closed Sales - 45 (down 43%)

 As the viewer can see, sales and listings are still down in Long Beach; more listings on the market means more sales!

If you are thinking of selling, this is a good time to talk.

Please contact me via text or email for a new opportunity!

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