Long Beach Homes Go Up

September Home Sales are up 15.2% while pending home sales are up 20.6% for 2015 vs 2014 home sale statistics.

New Listings were up 3.0 percent for Single Family homes and 2.3 percent for Townhouse-Condo properties. Pending Sales increased 28.2 percent for Single Family homes and 27.6 percent for Townhouse-Condo properties.

The Median Sales Price was up 5.3 percent to $600,000 for Single Family homes and 13.5 percent to $399,000 for Townhouse-Condo properties. Months Supply of Inventory decreased 32.5 percent for Single Family units and 37.8 percent for Townhouse-Condo units.

With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off. From the mouths of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years. The one thing we were anticipating in September, an increase in interest rates, did not happen.