The hot seller’s market in Long Beach continued throughout the month of December 2020. The median home price was up for both single-family homes and condos. Inventory and new listings remained down for single-family homes and the seller advantage continued. The average number of days on the market was just 22! This is low at any time, but especially in December, a traditionally “slow” month in real estate. Days on the market was down 52.2% compared to this time last year.
What do these numbers mean?
The seller’s market is continuing with no sign of stopping. If you have been sitting on the sidelines waiting for the right time to list your home, now is the right time to leverage your equity and cash out. For buyers, it’s more important than ever that you start your home search early and with experts by your side. Patience is key, as well as the understanding that the first house you like may not be the one you get.
Sellers: To get started, with the selling process click HERE for a free home valuation. You can also give us a call at 562.896.2456, or fill out the contact form at the bottom of the page. We’d love to chat and figure out what your home is worth and whether selling is the right move for you!
Download your free seller’s guide HERE.
Buyers: If you’re looking to buy in 2021, you’re not alone. Buyer demand is up, so it’s important to get started with plenty of time to shop around. Give us a call at 562.896.2456 so we can set up an appointment for you with a lender and start talking budget. We can also set up a personalized home search for you so you can be the first to know when new listings hit the market.
Download your free buyer’s guide HERE.
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.
For a quick snapshot of the different zip codes, please scroll down for more information.
Long Beach Zip Codes
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.