In November, home prices fell substantially from the month before, with a median listing price of $749,000.
The number of listings on the market shrank 4.3% from last month, which is a bigger decrease than normal for this time of the year in Long Beach, and homes are also selling slower than at the same time last year.
Home prices in Long Beach
Typically, home price per square foot in Long Beach tend to fall in November. And the most recent data shows that the price per square foot decreased by 0.9% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Aquatic Capital of America are smaller the national market.
Long Beach inventory
In November, there were 475 homes for sale in Long Beach, which was 4.3% less than the month before and 8.4% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Long Beach take an average of 59 days to sell, according to November figures.
This is one day less than the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Long Beach, CA.