Long Beach Island Real Estate Inventory Levels
Long Beach Island Real Estate New Listings and Inventory Levels 
Long Beach Island Real Estate New Listings and Inventory Levels 
Long Beach Island Real Estate New Listings and Inventory Levels
Long Beach Island Real Estate
Coronavirus has had an impact on the entire world and the real estate market on Long Beach Island is no exception. While initially activity levels dropped off with travel restrictions being in place, sales and rentals on Long Beach Island exploded to see some of the highest activity ever. COVID has seemingly inspired buyers to seek ownership on Long Beach Island as both an escape and as an investment (which seems to be far more stable than the stock market right now). The issue for buyers specifically is that we are in a seller’s market though and though. Buyers have to be very careful when navigating such a market and be sure to understand what drives value. Equally important is knowing where we are in the market. Long Beach Island Real Estate New Listings and COVID Inventory Levels are an effective way to understand the current climate.
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 New Listings and COVID Inventory Levels
Below are two charts. The first shows the number of new listings each month and the number of months of inventory for home sales on Long Beach Island starting in January of 2019 and ending in July 2019. The second chart shows the same data in 2020 and there are some stark differences.
2019 Inventory and Market Absorption
| Month | Number of New Listings | Months Of Inventory |
| Jan-19 | 133 | 13 |
| Feb-19 | 152 | 26 |
| Mar-19 | 119 | 14 |
| Apr-19 | 120 | 11 |
| May-19 | 110 | 9 |
| Jun-19 | 112 | 13 |
| Jul-19 | 86 | 23 |
2019 Inventory and Market Absorption
| Month | Number of New Listings | Months Of Inventory |
| Jan-20 | 104 | 11 |
| Feb-20 | 125 | 17 |
| Mar-20 | 90 | 14 |
| Apr-20 | 40 | 11 |
| May-20 | 57 | 13 |
| Jun-20 | 87 | 7 |
| Jul-20 | 139 | 5 |
The most important data points to note are number of new listings in July 2020 relative to the number of months of inventory. There was a massive jump in the number of homes coming on the market (139) but the months of inventory were at an all time low. That tells you the velocity with which homes are being purchased. In the time frame shown 2019 averaged 15.5 months of inventory whereas 2020 averaged only 11.
Buying a Home and Long Beach Island Real Estate Inventory Levels
Even before coronavirus took hold, inventory levels were low in the LBI real estate market. Now, with so much interest and very low mortgage rates, we are seeing unprecedented interest in buying a home on LBI. There is opportunity in this and every market, but there are also many ways to make a mistake. You have to understand what drives value and what makes sense when looking to buy a home. I am happy to go over the market and give you my insight on how to make a smart purchase. 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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