As you know real estate market is a local market. Each area of country has their own value and unique market. Generalizing the whole market is not correct way to evaluate local market. Housing market is trending upward in general term. Home prices and home rate are historic low. But some market is not as good as others. At City of Long Beach, we are experiencing robust market. Inventory shortage, low home prices and super low mortgage rate are recognized by buyers. Multi offers on for sale property is the way of life here. Definitely feels like seller market. The attached chart is provided by the Pacific West Association of REALTORS®. See Long Beach market Update for December 2012
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