As we continue in to July 2020, we remain in a strong seller’s market. Relatively low inventory and high demand because of historically low interest rates are fueling this seller’s market. The time it takes to sell a home is also down significantly when compared to last summer. Prices are up slightly for homes, but down slightly for condos.
While many homes are selling quickly with multiple offers, some neighborhoods are moving more quickly than others, and some areas are showing stronger prices. If you’d like to know about the statistics in your neighborhood or you’re curious about the value of your home in Long Beach CA or surrounding areas, let us know. We’d be happy to help.
While much of Long Beach’s real estate market is similar, there is some variation between zip codes, as illustrated by the numbers below. If you’d like more information, please reach out to us.