Long Beach Island NJ (LBI NJ) Real Estate Market Buyer Trends
Two LBI Real Estate Trends That Make This A Good Time To Buy 
Two LBI Real Estate Trends That Make This A Good Time To Buy 
Two LBI Real Estate Trends That Make This A Good Time To Buy
Long Beach Island Real Estate
When looking to buy a home in the Long Beach Island real estate market timing is everything. The market here on LBI, like elsewhere, goes though natural up and down cycles that are based on a number of local and national factors. Currently there are Two LBI Real Estate Trends That Could Make This A Good Time To Buy and all buyers should be paying attention to them. They are inventory levels, providing more homes for sale, and interest rates, providing a lower ownership cost.
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
Two LBI Real Estate Trends That Could Make This A Good Time To Buy
Looking at the data there the dual trends of interest rates and inventory levels are starting to make the case for this to be a buyers market. While there are many signals that show favoritism to a buyer in the current Long Beach Island real estate market, these two trends are worthwhile of discussion. First are interest rates. While the LBI real estate market is not as sensitive to interest rates as a primary market, lower rates certainly do play a role in encouraging activity. The prospect of lower ownership costs in the long run can make a strong case for a purchase provided the rest of the market makes sense. The second trend we have been seeing is the rise in inventory levels. While still not near 5 year highs, the number of homes for sale in the LBI real estate market has been on the rise as seen below:
| Month | Active Listings 2014 | Active Listings 2015 | Active Listings 2016 | Active Listings 2017 | Active Listings 2018 | Active Listings 2019 |
| Jan | 664 | 784 | 754 | 710 | 629 | 655 |
| Feb | 708 | 826 | 817 | 728 | 692 | 716 |
| Mar | 762 | 857 | 854 | 756 | 660 | 707 |
| Apr | 783 | 873 | 892 | 729 | 665 | 712 |
The data above shows that so far in 2019 the number of homes for sale have been coming closer to 2017 which seems to have been the high point for sales in the Long Beach Island real estate market. With new and better inventory to pick from, it can encourage buyers to enter the market and take advantage of the current favorable trends.
Buying a Home in the LBI NJ Real Estate Market
So far 2019 has proven to be a good year in the LBI real estate market. While not trading at 2017 highs, there is a high level of confidence in the current market. As mentioned above there are several compelling reasons to consider a purchase in the LBI marketplace. If past trends repeat, the rise in the number of homes for sale will lead to a new high in the market for both overall volume and the average price point. 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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