Real Estate Blog - Long Beach CA Residential Inventory Down by Almost Half

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Long Beach CA Residential Inventory Down by Almost Half

The September graph, shows for a one-year period, the number of for sale residential properties throughout the City of Long Beach (single family houses, condos and lofts). In September 2008, there were 2,265 properties on the market; in September 2009, there were 1,247.

The overall Long Beach months supply of inventory in the same period decreased from 7 months in September 2008, to 2 months in September 2009. In other words, at the present rate of sale, all existing inventory would be sold in two months.

For finding (all of Southern California plus) Long Beach, Cerritos, Lakewood, Bellflower, Seal Beach, Huntington Beach and Los Alamitos properties on the MLS, go to www.juliahuntsman.com to "MLS Property Search"

Posted by Julia Huntsman, Broker Associate, e-PRO on 10/10/2009 09:35 AM

Comments (3)

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3 Comments on Long Beach CA Residential Inventory Down by Almost Half

OCT

Hope this is a good sign of things to come.

We are experiencing the same thing in parts of Phoenix area. Have 10 buyers for almost every home. Most are still bank owned.

I don't know if it's good; I think it would be better if more move-up sellers were ready to move.

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Julia Huntsman, Broker Associate, e-PRO

Long Beach, CA

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