LBI Real Estate Daily Market Update November 29th 2022

High Tides Digital Marketing
Nov 29, 2022
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for November 29th 2022

Long Beach Island Real Estate

LBI NJ Real Estate Sales Market Update November 29th 2022. Activity in the LBI real estate market today focused on the loss of inventory! There were no new listings entered in the MLS today, but 6 homes left the market. One went under contract, and the others were withdrawn for various reasons. While the number of homes for sale in the LBI real estate market has increased from its low point over the spring/summer of 2022, it is still only around a quarter of what it was pre-COVID. So long as this number stays low, buyers in the LBI real estate market will have a harder time finding the right home to purchase, and prices are likely to remain stable.

LBI Real Estate Daily Market Update November 29th 2022

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

Last Change Type	MLS #	Address	City	Area	Current Price – Decimal
Active Under Contract	NJOC2011286	270 W 16th St	Ship Bottom	LBI	$969,000
Closed	NJOC2009236	10 E Delaware Ave	Long Beach Township	LBI	$1,800,000
Temporary Off Market	NJOC2010964	101 Starr Ave	Long Beach Township	LBI	$1,749,000
Temporary Off Market	NJOC2012662	317 N 13th St	Surf City	LBI	$2,250,000
Withdrawn	NJOC2011636	10 E Delaware Ave	Long Beach Township	LBI	$1,949,900
Withdrawn	NJOC2014524	1512 S Beach Ave	Beach Haven	LBI	$2,275,000
Withdrawn	NJOC2014462	1512 S Beach Ave	Beach Haven	LBI	$2,275,000

Homes can be withdrawn from the LBI real estate market for a number of reasons. Typically, it has to do with timing or with a personal matter. Since we are in the holiday season, which historically is a slow time in the LBI real estate market, it is not surprising to see some homes pulled from the market. It is likely we will see a slight increase in the number of homes for sale on Long Beach Island after the new year. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.