Below you'll find a list of all posts that have been categorized as “Real Estate Market Update”
Although the most recent statistics for home sales in Long Beach show that prices are continuing to rise, there are also some signs that the Long Beach real estate market is cooling down a bit. Consider the following: The average time on the market reported for homes that sold last month, September 2018 was 33 days, up 17.9% from the …
Median home prices have soared in Southern California this summer, hitting new records in Los Angeles County. Yet while the market is quite active, sales are down, inventory remains low and bidding wars are still occurring, particularly in entry-level price ranges. In Long Beach, the median sales price in June was $670,000, up 8.2% from the previous June. However, the …
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Just like the tension in a compressed spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been …
With market volatility, rising interest rates and the continued increases in home prices, sometimes comes the question: Are home values overinflated? Last week,the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight …
Los Angeles and Orange County home owners planning to sell in 2018 will be pleased to find that home prices are expected to continue rising this year For home buyers, the expected price increases combined with historically low inventory and an expected rise in interest rates is translating into a sense of urgency — meaning this is a really great time …
ome Prices in Greater Long Beach Area Rise As Inventory Remains Low The Southern California housing market continued to sizzle in August as home prices in Southern California rose again. In Los Angeles County, the median home price climbed 9.4% to a record $580,000. In Long Beach, the median home price in August rose to $622,500, which is 13.4% higher than a …
Southern California home prices went up in July across Southern California as the already hot housing market saw continued high demand and persistently low inventory. According to a report from CoreLogic, the six-county Southern California area’s median price climbed 7.7% from a year earlier, hitting $501,000. Despite the fact that the market rebound is now in its sixth year, the …
Homes in Southern California are selling like hotcakes, with record selling times and prices in some local markets. After watching prices climb for five years, some home buyers are feeling that they may miss out on an opportunity to purchase if they don’t act fast; as a result, homes that are attractive and priced well are frequently selling with multiple offers …
Buyer Demand Continues to Outpace the Supply of Homes for Sale If you’re on the fence about whether or not to sell your house, current market conditions and trend forecasts are a great way to get informed, weigh your options, and move forward with your real estate goals. At the moment, sellers find themselves at a great financial advantage, with …
Home prices have continued to rise locally and inventory has continued to decline, making this a potentially lucrative time to sell a home. Homes that show well and are priced correctly have been selling quickly, often at higher prices than asking and with multiple offers. There is typically an increasing amount of buyer competition during the annual spring market cycle, and …
