Long Beach Island New Jersey Real Estate Active Listings and Sold Homes April 2023
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Active Listing and Sold Homes April 2023 
LBI Real Estate Active Listing and Sold Homes April 2023 
LBI Real Estate Active Listing and Sold Homes April 2023
Long Beach Island Real Estate
If you are considering buying or selling a home in the Long Beach Island New Jersey real estate market, one of the most important ways to prepare is to understand the market. Looking at the current rate of sales and the number of single-family homes that are on the market is a good way to gain insight into the current state of the LBI real estate market. Single-family homes are a good gauge as they are by far the most common type of transaction we see on Long Beach Island. The data in this report shows some interesting trends!
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 Active Listing and Sold Homes April 2023
Below is a chart that shows the number of active single-family homes and the number of sold listings in the LBI real estate market over the past 12 months.
| Month | Active Listings | Sold Homes |
| May-22 | 253 | 38 |
| Jun-22 | 251 | 49 |
| Jul-22 | 251 | 24 |
| Aug-22 | 258 | 32 |
| Sep-22 | 263 | 35 |
| Oct-22 | 276 | 35 |
| Nov-22 | 264 | 28 |
| Dec-22 | 228 | 28 |
| Jan-23 | 204 | 24 |
| Feb-23 | 211 | 26 |
| Mar-23 | 198 | 32 |
| Apr-23 | 173 | 18 |
The data shows some very interesting trends. The number of sold homes has dropped, but the number of active listings has dropped as well. Without a doubt, the biggest challenge facing the LBI real estate market right now is the lack of inventory. With so few homes on the market, there are simply not enough options to go around. Demand remains high for homes on Long Beach Island, but we have seen a slight slowdown in the percentage of sales relative to the active inventory. Looking back over the past year, there have been about 12%-15% of the active listings under contract. In April, the most recent month, we see about 10%. To be fair, April is not over, and it is likely that this number will increase.
Long Beach Island New Jersey Real Estate Active Listings and Sold Homes April 2023
There is no doubt that buyers are still facing challenges in the LBI real estate market. Inventory remains very low and interest rates have risen. Home prices remain high, and still show signs of increasing. Sellers too face challenges. Some sellers are still of the COVID mindset and pricing their homes too high. Price matters now more than ever as buyers have become more responsible in their home search. There are opportunities for both buyers and sellers in the LBI real estate market, the trick is to understand the market and know what to look for. For more information about buying, selling or investing in the Long Beach Island 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
More LBI Real Estate Information:
How Buying a Home in the LBI Real Estate Market Can Help Build Wealth and Financial Stability
LBI Real Estate Weekly Sales Update 3/19/2023-3/26/2023
Buying a Smaller Home in the LBI Real Estate Market
Advantages of Investing in a Home in the LBI NJ Real Estate Market
Understanding Common LBI Real Estate Terms
What is a First Mortgage in the Long Beach Island NJ Real Estate Market