LBI Real Estate Daily Market Update April 29th 2023

Apr 29, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for April 29th 2023

LBI Real Estate Daily Market Update April 29th 2023

Long Beach Island Real Estate Sales Market Update April 29th 2023

It was an average day in the LBI real estate market. To be fair, weekends tend to be rather quiet in terms of market activity. There were 2 closings reported today, but most likely they actually transacted yesterday (Friday) as we normally don't have closings on the weekend. Sales transactions in the LBI real estate market and 08008 zip code were as follows today:

0 new listings came up for sale in the LBI real estate market
1 home went under contract on LBI
2 home sold on Long Beach Island
0 homes saw a price reduction in the LBI real estate market

LBI Real Estate Daily Market Update April 29th 2023

Below is a breakdown of all changes and transactions that took place in the LBI real estate market today.

Last Change Type	MLS #	Address	City	Current Price
Active Under Contract	NJOC2017220	215 8th St	Beach Haven	$1,250,000
Closed	NJOC2014932	321 Centre St	Beach Haven	$1,150,000
Closed	NJOC2016064	2803 Long Beach Boulevard S	Beach Haven	$4,700,000
Expired	NJOC2014696	17 E 29th	Long Beach Township	$1,199,000
Expired	NJOC2014524	1512 S Beach Ave	Beach Haven	$2,275,000

The LBI real estate market continues to show good activity. As I have written many times, inventory is the single most significant challenge facing buyers in the market today. There was a net loss of inventory today, so days like this make it a little harder for buyers in the Long Beach Island real estate market. Still, the number of homes for sale on LBI has been (very slowly) increasing, but is still far below the normal levels we traditionally have on LBI. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.