Numbers don’t lie. We wish we could say the same for headlines. In our quest for transparency, we’re going to be bringing you monthly updates on the health of the real estate market with our series Absorption Rate Analysis. We hear a lot about “fewer homes hitting the market”, but this hasn’t been our personal experience. We still see a very healthy market in the neighborhoods we service. And though we’ve been telling you this for months, we’ll let the stats speak for themselves. 

In Long Beach Zip Code 90815 there are 38 active and 21 homes sold in October with an average 9 days on the market, at a median selling price $995,000.  That's an absorption rate of 55%. Anything over 20% means a healthy market.