7/28/2019 Long Beach May Real Estate Market

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Key Metrics 2012 2013 Percent Change Thru 5-2012 Thru 5-2013 Percent Change

New Listings 283 296 + 4.6% 3,254 2,892 - 11.1%

Pending Sales 242 271 + 12.0% 2,404 2,517 + 4.7%

Closed Sales 224 233 + 4.0% 2,333 2,518 + 7.9%

Days on Market Until Sale 82 56 - 31.7% 85 71 - 16.5%

Median Sales Price* $355,700 $450,000 + 26.5% $340,500 $385,000 + 13.1%

Average Sales Price* $407,028 $516,168 + 26.8% $400,359 $442,084 + 10.4%

Percent of Original List Price Received* 96.4% 99.6% + 3.3% 94.8% 98.2% + 3.6%

Inventory of Homes for Sale 739 331 - 55.2% -- -- --

Months Supply of Inventory 3.7 1.6 - 56.8% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013 Percent Change Thru 5-2012 Thru 5-2013 Percent Change

New Listings 135 133 - 1.5% 1,615 1,288 - 20.2%

Pendin Sales 102 127 + 24.5% 1,089 1,175 + 7.9%

Local Market Update for May 2013A Research Tool Provided by the Pacific West Association of REALTORS

Long BeachLos Angeles County

May Last 12 Months

May Last 12 MonthsSingle Family

Townhouse-Condo

. , .

Closed Sales 87 100 + 14.9% 1,079 1,150 + 6.6%

Days on Market Until Sale 109 67 - 38.5% 106 86 - 18.9%

Median Sales Price* $179,000 $245,000 + 36.9% $180,000 $206,000 + 14.4%

Average Sales Price* $205,665$278,342

+ 35.3% $218,057$250,652

+ 14.9%Percent of Original List Price Received* 93.4% 101.8% + 9.0% 92.3% 97.7% + 5.9%

Inventory of Homes for Sale 417 161 - 61.4% -- -- --

Months Supply of Inventory 4.6 1.6 - 65.2% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of June 5 2013. All data comes from CRMLS. Powered b 10K Research & Marketin . Percent chan es are calculated usin rounded fi ure

Long Beach

All PWR Areas All PWR Areas

Long Beach

$200,000

$300,000

$400,000

$500,000

$600,000

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Median Sales Price Single Family

Rolling 12-Month Calculation

$100,000

$200,000

$300,000

$400,000

$500,000

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Median Sales Price Townhouse-Condo

Rolling 12-Month Calculation

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