There are a multiple reasons for the upswing in prices for home sales:
Employment Rates Improve
Low Mortgage Rates
Fewer Homes Available
Higher prices for single family homes are a strong indicator of an improving economy: one that bodes well for everyone in the housing market. Statistics do vary by neighborhood, so if you are considering selling your Long Beach home this summer and want up-to-date, personalized information, please just contact me for a market update.