LBI Real Estate New Listings in 2019

High Tides Digital Marketing
Feb 21, 2020
2 min read

Long Beach Island Real Estate Listing Activity in 2019

Long Beach Island Real Estate Listing Activity

Understanding the current market trends is a critical first step when looking to buy or sell in the Long Beach Island real estate market. One of the most common questions I am asked has to do with when new listings enter the market on LBI. While every year is different and there are many factors which can influence market timing, it is very helpful to look back at 2019 and see when homes came on the market. A quick look at the data shows us the following:

February and September were by far the most active months for new listings coming on the market
These months also shows a nearly identical average listing price (only about $5,000 difference between them)
The average original listing price of a single family home on LBI ranged from about $1,250,000 up to $1,450,000

LBI Real Estate New Listings in 2019

Below is a breakdown of new listings month by month in 2019. Also shown is the average original listing price of a single family home:

Month	Number of New Listings	Original Price, Average
Jan	109	$1,451,467
Feb	133	$1,339,286
Mar	93	$1,290,204
Apr	107	$1,298,915
May	72	$1,301,331
Jun	88	$1,360,817
Jul	77	$1,424,911
Aug	101	$1,276,264
Sep	136	$1,334,603
Oct	85	$1,238,788
Nov	54	$1,248,626
Dec	44	$1,170,289

The above chart centers on single family homes only as this is the most active area of the Long Beach Island real estate market. The chart shows some clear and definable trends. September and February are the clear standouts in new listing activity. With nearly 30 more homes coming on the market in both of these months than the next highest month (April), it would seem this is a good time for a buyer to be in the market. New listing activity dropped off to the lowest levels as the year came to a close with about a third of the peak listing activity being seen in the slowest month (December).

Buying and Selling in the Long Beach Island Real Estate Market

When looking to buy or sell in the LBI real estate market, timing can be key. Buyers can benefit by waiting for peak listing seasons but should also be aware that as those seasons come to a close, new listings will be harder to come by. Likewise sellers may benefit from listing later in the season as they could face less competition from other listings. Likewise there is an argument to be made for a seller to list just ahead of the peak season to capture early buyers. Clearly the LBI real estate market sees activity all year long so timing should also fall in line with the overall investment plan on Long Beach Island. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.