Long Beach December Market Update
Quick Market Facts
As the year closes out, we find ourselves in a very different market than we were at the end of 2017. While prices are continuing to slowly appreciate, the rate of appreciation has gone down, and some areas are experiencing a leveling of prices. Meanwhile, the inventory of homes on the market has been increasing for several months. After years of incredibly low inventory, this is a big game changer. Despite increased inventory, the number of closed sales has declined for both condos and single-family homes. We expect the market to continue shifting in 2019, with buyers and sellers on a more level playing field than they have been for years.
74 Seconds with Shannon
Long Beach Update
The housing market is complicated. My goal is to make it less so.