Essential Tips for LBI Real Estate Sellers in a Sellers Market
Click here to search all homes for sale in the Long Beach Island NJ real estate market
What is an LBI Real Estate Seller’s Market 
What is an LBI Real Estate Seller’s Market 
What is an LBI Real Estate Seller’s Market
Long Beach Island Real Estate
There is no question that the LBI real estate market is seeing tremendous activity and that we are in a seller’s market…but that market is starting to change. Buyers and sellers alike know how strong market conditions are for sellers in the LBI real estate market. The low inventory and high demand favor sellers. Even in this competitive market, the fundamentals of price and marketing still matter, and all sellers should understand what this kind of market means on Long Beach Island.
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
What is an LBI Real Estate Seller’s Market
The number of homes for sale in the LBI real estate market is very low. Compared to a “normal” market, like the one we were in before COVID. Historically there are usually 300-500 single-family homes for sale in the LBI real estate market. At present, there are about 130. This is a significant drop from a balanced market, and this clearly favors a seller. Generally speaking, on LBI and elsewhere, a 6-month supply is necessary for a balanced market with enough homes for sale on Long Beach Island to meet demand. At the time of my writing this article, there are about two months of inventory. Until that balances out, we will be in a seller’s market!
While inventory on Long Beach Island is low and conditions favor sellers, mortgage rates are rising. While the LBI real estate market has never been that sensitive to rates, there will be some buyers who drop out of the market as a result. As a result, we will start to see less demand and it is likley that inventory will increase over the next several months. This is why fundamentals still matter. Pricing and marketing are still significant factors in the LBI real estate market. Buyers in the LBI real estate market will likely be apt to make a move for the summer season and before rates climb higher. Therefore, a well-priced home that is appropriately marketed under these market conditions will likely see multiple offers!
Essential Tips for LBI Real Estate Sellers in a Sellers Market
Buyers are looking to make a move, and there is not much to pick from. The current real estate market on Long Beach Island has fantastic opportunities for sellers. Listing your house in the LBI real estate market under these conditions will allow you to capitalize on the seller’s market. Priced and marketed correctly, you will be able to sell for top dollar in the current LBI real estate market. 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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