Tracking Listing Volume in the Long Beach Island Real Estate Market
LBI Real Estate Listing Volume in 2014Long Beach Island Real Estate
Listing volume represents the total value of homes for sale in the LBI real estate market. This is helpful as it shows the overall level of seller confidence when pricing their homes to enter the market. Since Hurricane Sandy made landfall at the end of October 2012, the LBI real estate market has been witnessing stronger sales in a higher average price point. By tracking the current trends developing in the LBI real estate market listing volume in 2014, both buyers and sellers can make informed decisions when investing on Long Beach Island.
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LBI Real Estate Listing Volume in 2014
When looking at the current trends in the LBI real estate market, a few interesting data points present themselves.
- The month with the lowest LBI real estate listing volume with January 2014 with a total of $704,335,174
- The most active month for the LBI real estate market was September $861,404,888
- These results were calculated from approximately 1900 listings which came on and off the market in 2014
The above data can help to guide buyers actions in the LBI real estate market. It is no coincidence that the months with the highest volume correlate with the seasonal trends we witnessed on Long Beach Island. For example, September song the highest market volume. This is a reoccurring theme in the LBI real estate market as many sellers will list their home after having enjoyed one last summer season. The fact that January is the lowest month with volume again correlates with the seasonal trends on LBI. December is historically a slower month for home sales as buyers are distracted with the holiday season. Therefore, as the winter season turns into spring, we see a steady increase in the overall listing volume.
Buying and Selling a Home in the Long Beach Island Real Estate Market
Tracking LBI real estate market trends can be very helpful for both buyers and sellers. Sellers can utilize this data to determine when they will face the least amount of competition on the market and buyers can track LBI real estate trends to determine when they will be able to take advantage of excess inventory. LBI real estate listing volume in 2014 is the one of several metrics we use to gauge the health of the LBI real estate economy. For more information about LBI real estate market trends, contact me and I will respond right away.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.BuyLBI.com
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