Long Beach CA gets Record Sales

Last month Long Beach experienced the largest number of closed sales in 29 months! This according to Clarus Market Metrics and Real Data Strategies Market Meter.Prices rose 5% per square foot in February alone! Price per square foot has proven to be a more accurate gauge of price trends than Median Price which reflects only the midpoint of where all sales occur. The supply of listings dropped an astounding 33% during the month. The smallest inventory is in the most active market price ranges from $400,000 to $700,000. Thanks to Anne Marie Reggie for the update.