Understanding Listing Patterns in the Long Beach Island New Jersey Real Estate Market
The LBI real estate market is rather unique in that there is a very definite season-summer-that drives when most people visit the area. To this end, there are periods of time that are more active and less active for new listings to come on the market. This can and should influence buyer behavior in the Long Beach Island real estate market. So, when do homes in the LBI real estate market get listed? Below you will find a helpful chart to answer that question!
When Do Homes in the LBI Real Estate Market Get Listed
Below is a breakdown of new listing activity over the past year.
|Month||Number of New Listings|
As you can see, the beginning of the year, January/February and the period right after summer, August and although the data does not show in this chart September, are very strong listing periods in the market. While listings come on and off the market all year, historically it is during these time periods that the most inventory will come on the market and therefore can be a better time to shop for a home on Long Beach Island.
New and Old Inventory in the LBI Real Estate Market
What the chart above does not show is how many of the listings are new and how many are old listings that came back on the market after expiring. Understanding the coloration between homes that have sold and homes that have expired is another valuable piece of information for all buyers and sellers in the LBI NJ real estate market to understand. For more information about buying or selling a home in the Long Beach Island 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 | email@example.com
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