LBI Real Estate Daily Market Update May 14th 2024

High Tides Digital Marketing
May 14, 2024
2 min read

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

LBI Real Estate Daily Market Update May 14th 2024

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

The LBI real estate market had a busy day with price reductions and pending sales. Sadly, there were no new listings today, highlighting buyers' biggest challenge in the Long Beach Island real estate market: a lack of inventory. The LBI real estate market has been holding steady at around 100-120 single-family homes for sale. Today's market activity was as follows:

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

LBI Real Estate Daily Market Update May 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
Price Decrease	NJOC2020266	287 W 27th St	Ship Bottom	LBI	$2,299,000
Price Decrease	NJOC2023330	132-D Long Beach Boulevard	Long Beach Township	LBI	$4,095,000
Active Under Contract	NJOC2025828	11 E 13th St	Barnegat Light	LBI	$1,300,000
Active Under Contract	NJOC2025534	27 E 46th	Long Beach Township	LBI	$2,749,900
Pending	NJOC2024908	83 W Tebco Terrace #B	Long Beach Township	LBI	$2,174,999

Home sales in the LBI real estate market have been holding strong in the Spring market. We are still seeing a lot of activity, as evidenced by the three pending sales today, and this shows that buyers are active in the Long Beach Island real estate market. If a home is well-priced and well marketed, it will sell! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.