Long Beach Island Real Estate Active Listing Volume and Number of Listings May 2023
LBI Real Estate Active Listing Volume and Number of Listings May 2023 
LBI Real Estate Active Listing Volume and Number of Listings May 2023 
LBI Real Estate Active Listing Volume and Number of Listings May 2023
Long Beach Island Real Estate
There is no doubt that the LBI real estate sales market has changed over the past year. The high demand from COVID has slowed down, but home sales on Long Beach Island are still very strong. Inventory levels are near historic lows, and low supply coupled with still high demand leads to stability and a general price increase throughout the LBI real estate market. Anyone looking to buy or sell a home on LBI should be aware of the current trends, and one of the best ways to do this is to look at the current supply of homes for sale. In this update, we will look at the total market value of all homes for sale month by month over the past year and the number of active listings in the Long Beach Island real estate sales 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
LBI Real Estate Active Listing Volume and Number of Listings May 2023
Below is a chart that shows the total “value” of the LBI real estate market and the number of active single-family home listings for sale on Long Beach Island.
| Month | Total Value of All Active Listings | Number of Active Listings |
| Jun-22 | $527,460,264 | 207 |
| Jul-22 | $541,595,264 | 206 |
| Aug-22 | $557,046,064 | 208 |
| Sep-22 | $593,088,164 | 217 |
| Oct-22 | $625,383,185 | 229 |
| Nov-22 | $573,582,275 | 214 |
| Dec-22 | $495,233,677 | 178 |
| Jan-23 | $452,532,277 | 172 |
| Feb-23 | $467,955,777 | 185 |
| Mar-23 | $454,910,668 | 179 |
| Apr-23 | $412,903,777 | 153 |
| May-23 | $409,711,678 | 149 |
The chart shows us some interesting trends. As expected, the total number of homes for sale in the LBI real estate market has dropped and dropped considerably. There are about 25% fewer homes for sale today than there were a year ago. While inventory has dropped, the total value of the LBI real estate market has risen. If we take a simple average of total market value divided by supply, in June of last year, the average home was priced at around $2,550,000. Today, the average is around $2,750,000. Keep in mind this is just used to demonstrate the total vale of the LBI real estate market and that there are many listings less expensive (or more expensive) than this simple average, but the point is clear that the market is doing very well. Inventory is low, and in spite of higher mortgage rates, the value of the Long Beach Island real estate market has increased.
Long Beach Island Real Estate Active Listing Volume and Number of Listings May 2023
Anyone looking to buy or sell a home in the LBI real estate market needs to understand the market trends. There is a lot of information and a lot of opinions about the past, present and future of home prices on Long Beach Island, but the numbers don’t lie. At present, the real estate market on Long Beach Island, as shown by Long Beach Island real estate active listing volume and the number of listings in May 2023, is doing very well. For more information about Long Beach Island or about 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
More LBI Real Estate Information:
LBI Real Estate Mortgage Rates and Buyer Patterns
What is an LBI Real Estate Seller’s Market
Two Factors Facing the LBI Real Estate Market
Advantages of Investing in a Home in the LBI NJ Real Estate Market