LBI Real Estate New Listings and Sales June 2019

LBI Real Estate New Listings and Sales June 2019

Long Beach Island Real Estate New Listing Inventory and Home Sales

Long Beach Island Real Estate Market

So far the LBI real estate market has been active for buyers and sellers alike. A comparison of the number of new listings and the number of sales year to date shows us some interesting trends in the Long Beach Island real estate market. Despite the average price of a single family home being a little higher this year compared to the same time period last year, there are actually fewer sales year to date despite a higher overall inventory count.

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 New Listings and Sales June 2019

Below are two charts showing the number of new single family home listings and the number of single family home sales in the Long Beach Island real estate market:

January – June 2019

MonthNumber of New ListingsSales, Number of
Jan8833
Feb11622
Mar8940
Apr9151
May5952
Jun6425

January – June 2018

MonthNumber of New ListingsSales, Number of
Jan8538
Feb10821
Mar6145
Apr7742
May7954
Jun7542

When looking at the chart two things become clear. There are more homes for sale this year compared to last but fewer overall sales by about 10%. From January 2018 to June 2018 there were 485 new listings and 242 single family homes sold. So far in 2019 there have been 507 new listings and only 223 sales. The lower number of home sales is a little surprising considering most of the other metrics that gauge the LBI real estate market show positive outcomes for 2019.

Buying and Selling in the Long Beach Island Real Estate Market


When looking to buy, sell or invest in the Long Beach Island real estate market knowing how the market is performing is key. Understanding the data I publish on my website can guide your decision to buy or list a home for sale. I am happy to review the market as a whole and as it relates to any specific property type so 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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