September Market Update for the 90804 area of Long Beach, CA.
Real Estate Statistics for Rose Park and the Circle Area.
The number of single family homes that closed in 90804 leveled out the past two months, with 9 closed sales. This, however, is 30.8% lower than this time last year.
Supply of single family homes in this area has been dropping for the last few months. Currently there is only a 2.7 months supply in 90804.
The median sales price for single family homes has skyrocketed this past month, averaging out at $575,000. This is the highest it has been in the past three years.
Despite the rise in price, the median days on market for single family homes in 90804 has dropped in August, with the average home only staying on market for 36 days.
Though the number of closed condo sales in 90804 reached an all-time high back in April of this year, the numbers have been dropping ever since. In August, there were 11 closed sales. Though this is a drop for 2015, it is still 10% higher than this time last year.
Median condo sales prices have been on a general upward trend over the past few years. In August, the median price came to $299,000, which is 14.6% higher than August 2014.
The months supply of inventory dropped from 3.2 in July to 2.4 in August. This is the lowest supply levels have been in all of 2015.
A perfect time to buy or sell!
As you can see, there are current market trends that can benefit both buyers and sellers, making it the perfect time to make a move!
If you are thinking of selling your 90804 home or condo, and are wondering what your home is worth, just take a minute to fill out the form below and we will send you a home evaluation for free!
Want to know how 90804 compares to the rest of Long Beach? Click here for the full Market Update.