With the current shifting real estate market, it's always a good idea to stay informed on current market conditions. The changes we're experiencing are causing anxiety for many potential home buyers and home sellers. In this real estate market update, we're looking at the available statistics for July 2022 in Long Beach and surrounding communities. The number of new listings that came on the market in July 2022 was down 30.5%, yet the available inventory of homes on the market went up by 7.4%, this is a result of a drop in closed sales and homes that went under contract. The average sales price in Long Beach was $989,000, which was up from the same time last year. But, we're noticing a slowdown in price appreciation.

Since real estate agents and home sellers have gotten used to double-digit price appreciation, many homes in July 2022 were not priced optimally which led to more price reductions. Even though price reductions have become more common, we're still very much in a seller's market. If you're a potential home seller who's thinking, "I've missed my opportunity", that's not the case. Homes are still selling quickly, after around 16 days on the market. If you're a potential home buyer, now is the perfect time to jump on your home search. In our current market, you have more room to negotiate, as many of the homes that weren't priced right, to begin with, sit on the market.

For a more in-depth explanation, watch the video for more information!

To see how much your Long Beach home is worth, click here: [ Ссылка ]

For a guide to selling your home, click here: [ Ссылка ]

For a guide to buying a home, click here: [ Ссылка ]

Timestamps:
0:00 Start of Video
0:43 Number of New Listings
0:54 Inventory of Homes
1:21 Average Sales Price
2:18 Days on Market
2:30 Tips for Sellers
3:00 Tips for Buyers

Subscribe to this channel here:
✅ [ Ссылка ]

The Shannon Jones Team has been assisting home buyers & sellers & investors in Long Beach and surrounding areas since 1998, providing a high level of service and outstanding marketing. The team's emphasis is on educating and guiding clients through the process and providing information and resources before, during, and after a transaction. This channel provides information on the areas we serve, the housing market, the real estate process, along with home tours.

The Shannon Jones Team
📲 Call/Text Direct at 562-896-2456
📲 Email: admin@showmehome.com
👨‍💻 Website: ShowMeHome.com
👉 Blog: https: [ Ссылка ]

Follow us on Instagram: [ Ссылка ]...
Follow us on Facebook: [ Ссылка ]...

👀Watch videos about Long Beach neighborhoods here: [ Ссылка ]
👀Watch Videos about common real estate FAQs here: [ Ссылка ]
👀Watch our listing video tours here: [ Ссылка ]
👀Watch videos about our VIP and team events here: [ Ссылка ]
👀Watch our Long Beach housing market updates here: [ Ссылка ]

Shannon Jones | Keller Williams Coastal Properties | DRE#01247705

свернуть