Understand the trends in the Long Beach Real Estate Housing Market July 2022 so you can make a good investment in a house or condo in Long Beach, California.
Long Beach CA real estate market July 2022 continues… Long Beach housing market has been the hottest real estate market in Southern California for the last three years. The market has been driven low interest rates and a shortage of available homes for sale.
- Then, the interest rates went up a couple of months ago, but prices are continuing to rise in the three most popular property types: homes, condos and townhomes.
Today, I will discuss the Long Beach real estate housing market July 2022 in each property type so you can become a wise investor, seller or first time home buyer.
July 2022 vs July 2021 Housing Breakdown
Single Family Homes in Long Beach, California
| Long Beach Real Estate Statistics | July 2022 | July 2021 |
|---|---|---|
| Average selling prices of Long Beach homes | $1,056,835 | $927,915 |
| Average days on market before a home sells | 16 | 18 |
| List to Sale Ratio: 100% equals full price offer accepted | 104.10% | 103.10% |
| Total homes that have sold year to date: | 1,094 | 1,278 |
Single family homes in Long Beach are selling for 4.1% over the listed price.
Video: Long Beach Real Estate Housing Market July 2022
Data from the California Regional MLS. It is deemed reliable but not guaranteed.
Summary
Understanding the trends in the Long Beach Real Estate Housing Market July 2022 is critical to you if you are buying or selling real estate.
I want you to make a good investment in a house or condo in Long Beach, California. Long Beach CA real estate market July 2022 continues…
Long Beach housing market has been the hottest real estate market in Southern California for the last three years. T
he market has been driven low interest rates and a shortage of available homes for sale.
The average selling price of Long Beach Homes is $1,056,835 that is up 13.90% over July 2021.
- It takes 16 days after a house is listed for sale in Long Beach to generate an offer and begin escrow.
- The downturn is in the number of homes that have sold year to date. In 2021, we had 1,278 home sales. In July 2022 year to date there has only been 1,094 house sales.
- So, sells are down but prices are up.
- What are Long Beach homes selling for in the list to sale ratio? 104.1% of the listed price.
- That means that houses in Long Beach are selling for 4.1% over the listed price. If you are buying, write an offer with your buyer’s agent above the listing price.
