Long Beach Real Estate Market March 2019

April 8th, 2019 By Jay Valento

Today is a market report of the Long Beach real estate March 2019 housing report to give you insights into trends.

In March 2019, the overall Long Beach real estate market snapshot looks like this:

• The average selling price of Long Beach houses was $697,815.
• Homes are selling within 42 days after being listed for sale.
• Long Beach homes are selling for 97.40% of the listed price.

Long Beach Real Estate March 2019 Numbers by Bedrooms of Single Family Homes

By Bedrooms	March 2019	2018 (for the year)	2017 (for the year)	2016 (for the year)
1 Bedroom	$420,629	$374,385	$363,447	$322,583
2 Bedrooms	$534,857	$555,963	$516,361	$474,872
3 Bedrooms	$680,432	$725,980	$682,575	$624,802
4 Bedrooms+	$945,092	$951,105	$926,533	$842,378
Overall	$697,815	$730,264	$683,135	$628,773

 

Long Beach Real Estate March 2019 Housing Market Video

This is an overall housing snapshot of the Long Beach real estate marketplace.  It is a short video to give you some additional insights into housing trends in March 2019.

 

How Many Long Beach Homes Have Sold Year to Date?

From January 2019 to March 2019, 406 single-family homes have sold so far.  That is down 10.20% from March 2018.  What is happening?  In 2018, there was 1.80 months of inventory for sale.  In 2019, more homeowners put there homes on the market for sale.  Now, there is 2.4 months of supply. 

While a normal market is about 3 months of supply, the more inventory is causing buyers to have more selections in Long Beach.  This is being reflected in the selling price of homes.  Homes in March 2018, were selling for 98.7% of the listed price verse 2019, when homes are selling for 97.40%.  

If you have to sell, price your home a market value.  Then, consider each offer carefully to negotiate the best terms.

Download a PDF of our Long Beach Real Estate Market Trends March 2019 Report

 

What is the Best Month to Sell a House in Long Beach?

 

Our hottest season is between April and September right before school starts.  Families tend to move the most during the summer months.  So, if you are thinking about selling your home in Long Beach.

Here is a historical chart of the best months to sell a house in Long Beach from 2018 to 2015 below.  To find out the current market value of your home, fill out this home value form on my real estate website.

Month	Sales, Number of 2015	Sales, Number of 2016	Sales, Number of 2017	Sales, Number of 2018
Jan	133	141	125	117
Feb	114	136	102	143
Mar	167	186	186	192
Apr	223	181	158	159
May	213	210	196	196
Jun	244	247	259	186
Jul	230	215	188	189
Aug	200	192	223	201
Sep	229	199	184	175
Oct	220	206	185	192
Nov	151	188	175	149
Dec	180	222	157	68

 

Will Housing Prices Go Down in 2019 in Long Beach?

It really depends on the US Economy and how high the interest rates go.  When I started real estate in 1993, interest rates were at 14%.  And people were still buying homes and condos.   I just spoke to my lender and his rates for the day are at 4.25% for financing.