June 2019 Long Beach Real Estate Market Conditions Favor Sellers
June 17, 2019 (PRLEAP.COM) Business NewsJune 17, 2019 - Home sales in Long Beach, California continue to outstrip supply and the Market Action Index (MAI) has been moving higher for several weeks.
368 Houses for Sale in Long Beach - As of June 10, 2019, the median list price for Long Beach, CA is $759,990 with the MAI hovering around 46 indicating a strong Seller's market. This is an increase over last month's index of 44.
The inventory of Long Beach houses for sale has held steady at or around 368 units. The most expensive house is listed close to 6.3 million dollars while the least expensive house is listed at $335,000. The median house rent is $2,600.
237 Long Beach Condos for Sale - Condo sales continue to outstrip supply and the MAI has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
As of June 10, 2019, the median list price for condos in Long Beach, CA is $449,900 with the market action index hovering around 42. This is an increase over last month's index of 41.
The inventory of condos for sale in Long Beach has held steady at or around 237 units. The most expensive condo is listed close to 1.9 million dollars while the least expensive condo is listed for $200,000. The median apartment rent is $1,995.
Market Action Index - The MAI answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. An index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
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