Real Estate Market Stats February 8, 2022

Long Beach Real Estate Market Stats – January 2022!

Hello readers!

Where did the time go – it is already mid-February – time for some January market stats! How did our year start off in real estate in Long Beach?

Let’s have a quick look!

January 2022 real estate stats for our area, Long Beach, California, compared to 1 year ago January 2021:

Number of Active Listings: 330 – down 29.6%

Pending Sales: 159 – down 35.9%

Median Sales Price of Homes Sold: $767,500, up 23.8%

Average Sales Price of Homes Sold: $837,009, up 22.3%

Average Price per Square Foot Sold: $624, up 16.0%

Average Days on Market for a Listing: 21 days, down 4.5%

What do you think of the dynamic links, above? Click any of the above to get a graph of the market stats in Long Beach for that measure.

In general, active listings are still low, inventory is low, prices are up, but number of new pending sales are down.

Interest rates went up half a percent in just the last 30 days. That, along with high market prices, may be contributing to fewer sales happening vs this time last year.

As always, let me know your thoughts!

And finally, something to tantalize the senses….. if you want to live right at the beach, I have something for you:

1750 E Ocean Blvd, #1207, Long Beach, CA 90802

Oceanfront property – $749,000. For a private showing, call us.

Nancy