Long Beach Island Real Estate Days on Market
Long Beach Island Real Estate Days on Market 
Long Beach Island Real Estate Days on Market 
Long Beach Island Real Estate Days on Market
Long Beach Island Real Estate
When looking to sell a home in the Long Beach Island New Jersey real estate market, understanding how long a home takes to sell is a vital component of the transaction. While the reasons people sell a home on LBI vary, there is always some motivating factor. Whatever the motivation is, anticipating how long it may take to acquire the proceeds of the sale can go a long way towards short and long term planning. Below are some general statistics on timing in the LBI real estate market.
- In 2019 the median days on market from listing to closing was 100 days
- In the same year the average days on market were 161
- 2019 represented the shortest length of time to sell a home in the past 5 years.
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
LBI Real Estate Waterfront Update December 2019
When looking at average and median statistics, it is important to remember that these numbers are composite of all data points. Some homes will sell in far less time, and others will sit on the market for a longer duration. That said, there is a lot of useful data to be extrapolated from these stats. Below is a breakdown of the average and median closed days on the market over the past five years:
| Primary Year | Median Days on Market | Average Days on Market |
| 2015 | 166 | 217 |
| 2016 | 161 | 233 |
| 2017 | 131 | 214 |
| 2018 | 106 | 182 |
| 2019 | 100 | 161 |
The data shows us some interesting trends. 2019 represented the shortest listing time over the past five years. The length of time it has taken to sell a home has fallen almost every year in each category. This can be attributed to at least two reasons: a stronger LBI real estate market and lower inventory levels. I believe that the lower inventory levels are the real driver behind the decreased listing timeframes. The real estate market on Long Beach Island is typically stable and sees a high degree of buyer confidence. This, coupled with fewer homes for sale, can make a buyer act more swiftly. While the data is undoubtedly positive news for sellers, it is essential to remember that the current trends suggest a listing time of roughly 3-5 months. All sellers in the LBI real estate market should account for this in both the time it takes to move on from the house and the additional carry costs associated with owning the home for several more months.
Selling in the Long Beach Island Real Estate Market
Selling a home requires a careful understanding of the market and what drives value to determine the correct price for a home. Above all else, the right price is needed to sell a house for top dollar and in the shortest time. There is reliable data to suggest that pricing a home correctly in the first place will result in a higher net proceed and a much shorter listing period. If you are interested in selling, I can put together specific data to help provide an understanding of the market as a whole and where a home may fit into the real estate market on Long Beach Island. 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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