Top Mega Teams in Long Beach, California – Ranked by Sides

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2022 Market Summary

Long Beach, California started 2022 with a total of 77 single-family homes on the market, with a median home price of $950,000 and an average price per square foot of $669. By the end of the year, inventory had increased to 153 homes on the market (+98%), with a median home price of $900,000 (-5%) and an average price per square foot of $665 (+0%).

At the start of 2022, the median days on market (DOM) was 35 days – by the end of the year, median DOM had increased to 63 days.

Long Beach started the year with 15% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Long Beach homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Long Beach started 2022 as a strong seller’s market, with an MAI score of 61; by the end of the year, the MAI had dropped to 40 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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