Pango Group

Long Beach, CA 90807

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90807

Fri Apr 23 2021
This week the median list price for Long Beach, CA 90807 is $1,399,999 with the market action index hovering around 70. This is an increase over last month's market action index of 66. Inventory has held steady at or around 15. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Long Beach, CA 90807

Fri Apr 23 2021
This week the median list price for Long Beach, CA 90807 is $1,399,999 with the market action index hovering around 70. This is an increase over last month's market action index of 66. Inventory has held steady at or around 15. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $1,399,999
Per Square Foot $545
Days on Market 49
Price Decreased 53%
Price Increased 0%
Relisted 13%
Inventory 15
Median Rent $1,838
Most Expensive $3,599,000
Least Expensive $690,000
Market Action 70
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,295,000 5,671 0.5 - 1 acre 5 5 91 0 0 112
$2,149,950 3,762 8,000 - 10,000 sqft 5 5 46 1 1 143
$987,000 2,320 4,500 - 6,500 sqft 3 2 81 0 2 28
$817,500 1,556 4,500 - 6,500 sqft 3 2 79 1 0 21