Sat Apr 04 2020
This week the median list price for Long Beach, CA 90808 is $899,000 with the market action index hovering around 68. This is an increase over last month's market action index of 62. Inventory has held steady at or around 23.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$899,000|
|Per Square Foot||$423|
|Days on Market||69|
|Strong Seller's Market|
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,099,999||2,527||4,500 - 6,500 sqft||4||3||49||1||1||77|
|$949,495||2,489||4,500 - 6,500 sqft||4||3||53||1||0||129|
|$739,500||1,698||4,500 - 6,500 sqft||3||2||70||2||3||31|
|$611,500||1,187||4,500 - 6,500 sqft||3||1||70||4||3||40|