LBI Real Estate Daily Market Update May 25th 2023

High Tides Digital Marketing
May 26, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for May 25th 2023

LBI Real Estate Daily Market Update May 25th 2023

Long Beach Island Real Estate Sales Market Update May 25th 2023

The LBI real estate market saw a lot of activity today in the sales market. Perhaps buyers are getting encouraged by the summer season being so close at hand! Overall LBI real estate market activity was strong, as it has been for the past few days.

2 new listings came up for sale in the LBI real estate market (note the chart shows three but two of them are the same house)
4 homes went under contract on LBI
1 home sold on Long Beach Island
0 homes saw a price reduction in the LBI real estate market

LBI Real Estate Daily Market Update May 25th 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
New Active	NJOC2018750	211 Pelham Ave	Beach Haven	$1,999,000
New Active	NJOC2018722	321 W 16th St	Ship Bottom	$2,249,000
New Active	NJOC2018654	211 Pelham Ave	Beach Haven	$1,999,000
Active Under Contract	NJOC2008242	1604 Bayview Ave	Barnegat Light	$2,499,000
Pending	NJOC2018562	106 Ohio Ave	Long Beach Township	$1,650,000
Pending	NJOC2012802	2015 Beach Avenue	Long Beach Township	$2,999,999
Pending	NJOC2017326	67-D Long Beach Blvd	Long Beach Township	$8,690,000
Closed	NJOC2014716	138-A Long Beach Boulevard	Long Beach Township	$1,990,000

As as been the case, the LBI real estate market has seen a lot of balance and stability. There have been days where new listings outpaced pending sales, and other days, like today, where pending sales outpaced new listings. Taken as a whole, we are seeing between 1 and 2 pending sales each day of the week and about the same number of new listings. Welcome to a balanced real estate market on Long Beach Island! Demand is still strong and inventory is still low, so until one of those elements changes, this is likely to be the market. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.