90808 Market Update: Real Estate Statistics and Information for the 90808 Areas of Long Beach, CA
90808 Market Update Includes the Neighborhoods of Carson Park, Plaza, Lakewood Village, and Old Lakewood City
The median home price in 90808 jumped dramatically last month to $644,500, the highest point for the past few years and almost $100,000 higher than the same time last year.
The number of active listings in 90808 has fluctuated significantly. However, for the most part, the number of active listings has been at its highest over the summer. As of February 2016, there were just 42 active listings, which is 31.1% below the previous February.
Inventory is extremely low in the 90808 area of Long Beach. The supply of homes dropped from last month and is now at a one month supply. This is down 41.2% from the year prior in February and is one of the lowest levels in Long Beach.
Bottom Line
With low inventory and high home prices, the real estate market strongly favors sellers. If you are thinking about putting your home on the market in 90808, now is a great time!
