"In July, home prices fell moderately from the month before, with a median listing price of $772,000. The number of listings on the market grew 6.7% from last month, which is a smaller increase than normal for this time of the year in Long Beach, and homes are also selling slower than at the same time last year. Home prices in Long Beach Typically, home price per square foot in Long Beach tend to rise in July. But the most recent data shows that the price per square foot decreased by 0.5% compared with the month before."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in the Aquatic Capital of America are smaller the national market. Long Beach inventory In July, there were 559 homes for sale in Long Beach, which was 6.7% more than the month before and 26.6% more than the same time last year. Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787. The number of new listings in Long Beach was 270, which was 8.8% less than the month before and 6.2% less than the same time last year. Nationally, the number of new listings fell by 3.9% from last month to 434,816."
July median listing price in Long Beach was $772,000, reflecting a moderate month-over-month decline. Price per square foot in Long Beach fell 0.5% from June, compared with a 0.9% national decrease. Active inventory in Long Beach reached 559 homes, up 6.7% month-over-month and 26.6% year-over-year. New listings numbered 270, down 8.8% from the prior month and 6.2% year-over-year. Homes in Long Beach spent an average of 52 days on the market in July, unchanged month-over-month and nine days longer than the same month last year. Nationally, active inventory rose to 1,102,787 and average days on market was 58.
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