New Listings in the LBI NJ Real Estate Market
For those who have been looking to purchase a home in the LBI real estate market, it is mostly they have been met with frustration with seemingly low inventory levels. This is certainly the case! In fact, for the first quarter of the year, we have seen less listing activity then the preceding two years. If you were looking to buy a home in LBI real estate market, it is helpful to understand Long Beach Island real estate listing activity so you can be better prepared to make a move.
New Long Beach Island Real Estate Listing Activity
As I mentioned above, current inventory levels are low in most areas of the LBI real estate market and especially low in price ranges under $700,000. While of course no one can predict the future, based on past market trends we should expect to see some new listing activity now that the new year is upon us. Generally speaking, there is a surge in new listings during these time periods it is fair to assume that we will see similar activity in 2018.
While it is my expectation that we will see new listings come on the market, it is also important to point out that the LBI real estate market has been seeing increased activity so restricted inventory levels in the lower priced homes on Long Beach Island is to be expected. It has become harder and harder to find homes in the $500,000-$700,000 price point in the LBI real estate market, but do not despair! There are still many buying opportunities for single-family homes, duplexes, and condominiums that are all above base flood elevation. It is simply a matter of waiting and understanding the market trends to be able to identify the right opportunity when it comes on the market. For more information about Long Beach Island real estate listing activity, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org
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