Long Beach Island NJ (LBI NJ) Real Estate Inventory Levels
Lower LBI Real Estate Market Inventory Levels 
Lower LBI Real Estate Market Inventory Levels 
Lower LBI Real Estate Market Inventory Levels
Long Beach Island Real Estate
When looking to buy or sell in the Long Beach Island real estate market it is important to understand what kind of market we are in. Over the past several years since Hurricane Sandy the LBI real estate market has been enjoying strong and steady growth. Since 2017 the number of sales has fallen but prices have remained steady and even increased. While some of the decline in sales may be linked to external factors, Lower LBI Real Estate Market Inventory Levels is certainly a contributing factor. We have seen fewer homes for sale on Long Beach Island and that naturally will result in a decline in the overall number of sales.
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
Lower LBI Real Estate Market Inventory Levels
Below is a breakdown of the number of months of inventory for the January, February and March starting in 2014 and running through 2019.
| Month | Months of Inventory 2014 | Months of Inventory 2015 | Months of Inventory 2016 | Months of Inventory 2017 | Months of Inventory 2018 | Months of Inventory 2019 |
| Jan | 20 | 17 | 16 | 18 | 13 | 12 |
| Feb | 37 | 39 | 25 | 15 | 22 | 25 |
| Mar | 19 | 23 | 28 | 11 | 11 | 13 |
We can see a few patterns in the above data:
- 2017 saw the lowest inventory levels and also the highest number of sales in the market
- Levels are increasing but still lag behind those of past years on Long Beach Island
- 2014 and 2015 favored buyers most likely because of Hurricane Sandy and its impact on the LBI real estate market
The monthly supply of inventory in the LBI real estate market is calculated by taking the number of active listings in the market and dividing that number by how many sales have taken place. It shows how long it would take to clear the market of homes and can determine if a market favors buyers or sellers. While there is no “right” answer, typically a market that has 5-8 months of inventory is considered balanced, less than 5 favors a seller and 9+ will favor a buyer.
Buying and Selling in the LBI Real Estate Market
Looking at the above numbers it is fair to say that the market favors buyers. While the number of homes for sale on Long Beach Island is still lower, buyers have inventory to pick from. Looking back to 2005 and 2006, the undisputed height of the market, we say inventory levels in the 2-4 month range. This clearly favored sellers. To break this all down, if you are a seller in the LBI real estate market you should consider any realistic offer and work to make a deal close. Buyers should feel confident in the overall market favoring them but keep in mind that the market is approaching balance. 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 | 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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