Active Listings in the LBI NJ Real Estate Market June 2019

Active Listings in the LBI NJ Real Estate Market

Long Beach Island Real Estate Active Listings

Long Beach Island Real Estate Market

When looking to buy, sell or invest in the Long Beach Island real estate market understanding where we are in the market cycle is key. To that end, knowing how many active listings are in the LBI real estate market can give you a good idea if this is a time to be active in a transaction. Overall the LBI real estate market is having a good 2019 and with single family home inventory averaging around 450-500 homes at any point there are good options in the market.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Active Listings in the LBI NJ Real Estate Market

While there are several property types in the LBI NJ real estate market (single family homes, condos, duplexes, vacant land, commercial, etc) single family homes are by far the most common aspect of the LBI real estate market. Therefore the chart below shows the number of active single family homes and the average price point of these single family homes year to date:

MonthActive Listings, Number ofList Price, Average
Jan435$1,463,221
Feb490$1,371,172
Mar492$1,267,539
Apr500$1,355,015
May468$1,388,688
Jun453$1,399,011

As you can see from the chart inventory levels are pretty strong. Compared to a year ago there are between 20 and 40 more homes for sale each month. This is very good news given that last year low inventory levels proved challenging for buyers in the Long Beach Island real estate market.

Buying and Selling in the Long Beach Island Real Estate Market

Buying or selling a home is a major investment on Long Beach Island. Knowing that we have slightly higher inventory levels this year compared to last can help influence the decision to have a home on the market and/or if this is the right time to buy. I am happy to give you insight on the market and help you understand the trends we currently see developing. If you have any questions about buying, selling or investing in the LBI real estate market please do not hesitate to contact me.

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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