LBI Real Estate Daily Market Update June 14th 2024

High Tides Digital Marketing
Jun 14, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for June 14th 2024

LBI Real Estate Daily Market Update June 14th 2024

Long Beach Island Real Estate Sales Market Update June 14th 2024

Today's LBI real estate market update finally saw some new listing activity! For the first time in well over a week, there were more new listings than pending sales. This is welcomed news for buyers in the Long Beach Island real estate market who continue to face a shortage of inventory and homes for sale on LBI. To top if all off, the mix of new listings in the LBI real estate market represents a range of styles and price points. Activity was as follows in the LBI real estate market today:

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

LBI Real Estate Daily Market Update June 14th 2024

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	Area	Current Price
Coming Soon	NJOC2026562	325 S 2nd St	Surf City	LBI	$998,000
Coming Soon	NJOC2026492	259 S 2nd St	Surf City	LBI	$1,899,000
New Active	NJOC2026514	112 E Sailboat Dr	Long Beach Township	LBI	$2,349,000
New Active	NJOC2026100	4 Olsen Ave	Harvey Cedars	LBI	$1,749,000
New Active	NJOC2026438	107 E 19th	Ship Bottom	LBI	$1,999,000
Price Decrease	NJOC2024172	2109 Central Ave	Ship Bottom	LBI	$715,000
Pending	NJOC2018674	2705 Beach Ave	Long Beach Township	LBI	$2,195,000

Even though there were only 7 changes to the LBI real estate market today, with 5 of them being new listings, today's activity was a big help to buyers. Price ranges for new listings ranged from just under $1,000,000 for a bayside duplex in Surf City to $2,349,000 for an updated ocean block home in Brighton Beach. As we come into summer, we may see a small increase in inventory, like the one we saw today, as the market slows down some (as it usually does in summer) and more sellers list their homes. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.