What’s Going On with the Real Estate Market in 90808?
Market Statistics and Information for Neighborhoods Including Plaza, Carson Park, Lakewood Village, and Old Lakewood City
After showing increases much of the year, home prices in 90808 showed some signs of leveling off. As of December 2015, the median home price in 90808 was $565,000, which is 5.6% higher than the previous December.
Although the median price increased year over year, the median price per square foot for homes in 90808 actually declined slightly, to a level of $380 per square foot as of year-end.
The available supply of homes for sale in 90808 is lower than most other areas of Long Beach or surrounding cities. As of December 2015, there was less than a month’s supply of homes for sale in 90808. The inventory was 60% below the same time in 2014.
Seller’s Market
With inventory of homes for sale below a month and many buyers in the market wanting to take advantage of the low interest rates, 90808 is experiencing a seller’s market. This means it could be a great time to consider selling a home. If you’d like to know what your home is worth, fill out the form below and we’d be happy to provide you with a report.
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