Pango Group
Long Beach, CA 90802
Single-Family Homes
www.pangogroup.com
Long Beach, CA 90802
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | ||
| Median Price of New Listings | ||
| Per Square Foot | ||
| Average Days on Market | ||
| Median Days on Market | ||
| Price Decreased | ||
| Price Increased | ||
| Relisted | ||
| Inventory | ||
| Median Rent | ||
| Market Action | ||
Click for more charts
In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.