"In September, home prices fell moderately from the month before, with a median listing price of $769,000. The number of listings on the market shrank 5.4% from last month, which is a bigger decrease than normal for this time of the year in Long Beach, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Long Beach tend to fall in September."
"And the most recent data shows that the price per square foot decreased by 1.6% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Aquatic Capital of America are larger the national market. In September, there were 538 homes for sale in Long Beach, which was 5.4% less than the month before and 14.1% more than the same time last year."
"In September, there were 538 homes for sale in Long Beach, which was 5.4% less than the month before and 14.1% more than the same time last year. Homes in Long Beach take an average of 64 days to sell, according to September figures. This is four days more than the previous month and 14 days more than the same month last year. For comparison, nationally homes spent an average of 62 days on the market in September."
Home prices in Long Beach declined modestly in September, with a median listing price of $769,000 and a month-over-month decrease in price per square foot of 1.6%. The month-over-month per-square-foot decline in Long Beach was larger than the national decrease of 0.8%. Inventory fell 5.4% from the previous month to 538 active listings but rose 14.1% year-over-year; national active inventory rose 0.2% to 1,100,407. Homes in Long Beach averaged 64 days on market in September, four days longer than the prior month and 14 days longer than the same month last year, compared with a national average of 62 days. Seasonal September declines in price per square foot are typical for Long Beach.
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