LBI Real Estate Inventory Levels
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Long Beach Island Real Estate Months of Inventory 
Long Beach Island Real Estate Months of Inventory 
Long Beach Island Real Estate Months of Inventory
Long Beach Island Real Estate Months of Inventory
Thanks to coronavirus and the current economic policy, the LBI real estate market is on fire. Long Beach Island Real Estate Months of Inventory needs to be understood by both buyers and sellers in the current market as we are seeing unprecedented levels of inventory. At present, we are seeing about 40 or so homes come on the market each week and between 40 and 50 homes go under contract. With this kind of activity, fewer and fewer homes are available for buyers. This is reflected in the difficulty that buyers are having in finding a home and, in many cases, leading to buyers overpaying for a home. Understandings what creates value in the LBI real estate market as well as the current trends can help to avert a costly mistake. A study of the months of inventory is simply an estimate of how long it would take to sell all the homes available in the LBI real estate market if no new inventory came along.
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
Long Beach Island Real Estate Months of Inventory
Looking at the months of inventory in the LBI real estate market is used to measure the health of the market and display buyer and seller activity. In short, a lower number means more buyers are active and a higher number means more sellers are active with 4-5 months of inventory usually considered balanced. Below are the months of inventory in the LBI real estate market over the past 12 months:
| Month | Months Of Inventory |
| Nov-19 | 11 |
| Dec-19 | 13 |
| Jan-20 | 12 |
| Feb-20 | 17 |
| Mar-20 | 14 |
| Apr-20 | 11 |
| May-20 | 13 |
| Jun-20 | 8 |
| Jul-20 | 6 |
| Aug-20 | 6 |
| Sep-20 | 3 |
| Oct-20 | 6 |
As you can see in the chart above. the activity has changed over the last year. In the months leading up to coronavirus, the market showed there were more sellers than buyers active. These numbers tend to be about average in the LBI real estate market, even if they are higher than the national averages. As COVID progressed and lower interest rates took hold, the activity swung in the direction of buyers. September showed an all-time low of only 3 months. This has improved in the last 30 days or so somewhat as buyer activity has slowed a little with the start of the school year (as it normally does).
LBI Real Estate Inventory Levels
Looking at the chart above we see a clear pattern of increased activity. What this means is if you are buying, you have to be careful and understand what determines value in the LBI real estate market. Prices are higher, but there are still plenty of opportunities if you remain disciplined. If you have any questions about Long Beach Island Real Estate Months of Inventory or 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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