90808 Real Estate Market Update – December 2015

shannonjones Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

What’s Going On With 90808 Real Estate?

Home Prices in South of Conant, Carson Park, Old Lakewood City, El Dorado Park Estates & Other 90808 Long Beach Neighborhoods Show Modest Growth

The median home price in 90808 was $577,000 in November 2015, representing a modest 3.4% increase over November 2014. Here’s all the latest on 90808 real estate:

The number of closed home sales in 90808 last month was also up slightly over the same time last year, although down from earlier this year.

Homes in 90808 have been selling relatively quickly in 2015, with the median days on the market last month at 40, a 24.5% decline from November 2014.

The supply of homes for sale in 90808 is among the lowest in Long Beach. With just a 1 month supply of inventory as of November 2015, this represents a 60% decline from last year.

Seller’s Market

Anytime inventory is as low as it is right now, we experience what’s called a “seller’s market,” meaning that sellers have the upper hand when negotiating because supply is so far below current demand. Although spring and summer are traditionally considered by many to be the best time of year to sell a home, this winter is shaping up to be an excellent opportunity for sellers. If you’d like to find out what your home is worth in today’s market, fill out the form below and we’d be happy to provide you with a custom market evaluation.

90808 Homes for Sale

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