Double Dip?

There is a lot of talk about a “double Dip in the Housing market over the past few weeks.

Here is a Link to a story on CNBC.  Price Drop Points to Likely Double Dip in Housing Market.

So this got me think about the overall market here in Long Beach.

First, I wanted to look listings this year to new listing last year. As we can see, the chart shows that listing in the early part of this year were above the previous years, but the past 60-90 days we have seen a drop in new listings below the previous year.

This next chart really shows us something. This is the median price compared to a median price compared to the previous year.

If you would like some information like this or assistance on any Appraisals in the Long Beach/Lakewood Area, give me a call. Craig 562-673-1138 or go to www.wallaceRES.com

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