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Long Beach Housing Market

Finding a Long Beach Home
February 27th, 2010 7:35 AM
I am shocked how difficult it is to find a home for a buyer today.  The inventory is extremely low and we are into multiple offers for properties.  It doesn't matter if they are short sales, REO's or anything else, even a standard sale seems to be getting multiple offers.  An agent in my office told me the other day they listed a California Heights home at a reasonable price, it was a standard sale and less than 24 hours later they had 3 offers.  The lowest was the asking price and the highest was almost 5% over asking price and all cash!  It's a crazy time.  These past 2 years have been a very unpredictable market and have made it so difficult on buyers.  The good news for everybody is that we seem to starting to stabilize.  At least prices have not gone down in a couple of months and that's a positive sign.

Posted in:General
Posted by Heather Burke & Sarah Ireland on February 27th, 2010 7:35 AMPost a Comment

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