Based on the numbers that just came out for this Long Beach prestigious zip code, home listings and sales are up year to date and both Average and Median Home Sales Prices have risen significantly.
The 90803 Real Estate Market Update for July is showing that buyers and sellers are becoming more realistic in their expectations as as number of closed deals have decreased and days on market have increased and monthly supply of inventory is increasing. These are all good signs that there is more for buyers to choose from, sellers are taking positive gains from the sale of their properties (in most cases) and the the real estate market in Long Beach is on its way to having an extremely good year.
As long as interest rates stay within a point of where they are today, we are looking at continued growth and sales.
If you want to get a peek at all the homes for sale in the 90803 zip code. Click here.
Below is a visual of the Local Market Update for 90803 as provided by our Association (Pacific West Association of Realtors).