12/29/2023
๐ก๐ Market Update for Long Beach, California ๐๐ก
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November 2023 ๐
Hello, Long Beach sellers! ๐๐ด Lenny Figueroa, your trusted REALTORยฎ from Keller Williams Coastal Properties, is here with an exciting market update just for you. Let's dive into the latest trends in the real estate market. ๐ผ๐
๐ Did you know that currently, there is only a 1.67 Months Supply of Inventory in Long Beach? This means that demand is high, and homes are selling faster than ever! โก๏ธโจ
๐ In the last 12 months, the Months Supply of Inventory has experienced a significant decline of -8.24%. This indicates a thriving market and increased competition among buyers. ๐๐
๐ฐ๐ฏ Looking for a great return on your investment? The List to Sold Price percentage is an impressive 100.8% in Long Beach. This means that homes are selling for over the asking price, maximizing your profit potential. ๐ฐ๐ฏ
โฐโ๏ธ Median days on market are at a speedy 19 days. Homes are being snatched up quickly, allowing sellers like you to move on to your next adventure in no time! ๐๏ธโก๏ธ
๐ฒ๐ The Median Sold Price in Long Beach is currently $830,000. This shows the strong and steady growth of our local market, presenting a fantastic opportunity for sellers like you to get top dollar for your property. ๐ฒ๐
Whether you're considering selling now or in the future, these market trends indicate a fantastic time to make your move in Long Beach. ๐๐ผ
Feel free to send me a direct message or call/text 562-991-4465, for personalized guidance and assistance with your real estate goals. ๐๐ค