Active Listings in the LBI NJ Real Estate Market June 2019
- High Tides Digital Marketing
- Jun 25, 2019
- 2 min read
Long Beach Island Real Estate Active Listings
Long Beach Island Real Estate Market
When looking to buy, sell or invest in the Long Beach Island real estate market understanding where we are in the market cycle is key. To that end, knowing how many active listings are in the LBI real estate market can give you a good idea if this is a time to be active in a transaction. Overall the LBI real estate market is having a good 2019 and with single family home inventory averaging around 450-500 homes at any point there are good options in the market.
Active Listings in the LBI NJ Real Estate Market
While there are several property types in the LBI NJ real estate market (single family homes, condos, duplexes, vacant land, commercial, etc.) single family homes are by far the most common aspect of the LBI real estate market. Therefore the chart below shows the number of active single family homes and the average price point of these single family homes year to date:
Month | Active Listings, Number of | List Price, Average |
Jan | 435 | $1,463,221 |
Feb | 490 | $1,371,172 |
Mar | 492 | $1,267,539 |
Apr | 500 | $1,355,015 |
May | 468 | $1,388,688 |
Jun | 453 | $1,399,011 |
As you can see from the chart inventory levels are pretty strong. Compared to a year ago there are between 20 and 40 more homes for sale each month. This is very good news given that last year low inventory levels proved challenging for buyers in the Long Beach Island real estate market.
Buying and Selling in the Long Beach Island Real Estate Market
Buying or selling a home is a major investment on Long Beach Island. Knowing that we have slightly higher inventory levels this year compared to last can help influence the decision to have a home on the market and/or if this is the right time to buy. I am happy to give you insight on the market and help you understand the trends we currently see developing. 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
