"In July, home prices fell slightly from the month before, with a median listing price of $797,498. The number of listings on the market grew 24%, which is a bigger 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. Typically, home prices in Long Beach tend to fall in July."
"So, how does this compare with the rest of the U.S.? Nationally, home prices decreased 1.2%. Long Beach inventory In July, there were 490 homes for sale in Long Beach-24% more than the month before and 76% more than the same time last year. And there were 288 new listings, which is 3% less than the month before and 24% more than the same time last year."
In July the median listing price in Long Beach was $797,498, a slight month-over-month decrease. Inventory increased to 490 active listings, up 24% from the previous month and 76% year-over-year. New listings numbered 288, down 3% month-over-month and up 24% year-over-year. Price per square foot fell 0.5% compared with the month before. Homes averaged 43 days on market, four days slower than the prior month and five days slower than a year earlier. Nationally, home prices decreased 1.2%, active inventory rose 15%, and new listings fell 6% in July.
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