Friday, November 16, 2018

Inventory Levels in the Long Beach Island Real Estate Market

Inventory Levels in the Long Beach Island Real Estate Market



Active Listings in the LBI Real Estate Market

Long Beach Island Real Estate

For those who read my monthly sales updates in the LBI real estate market you know that 2018 has seen somewhat lower numbers of closed transactions month over month. In other words, for most months more homes sold in 2017 compared to 2018. Whenever we see a statistic such as this it is helpful to look at the reasons for its occurrence. I have long maintained that lower levels of inventory have been making the market challenging for buyers as there are simply not enough homes to go around! Looking at active listings in the LBI real estate market it is clear that inventory levels over the past 5 years it is clear that fewer homes are for sale. This of course makes it harder to find the “right” house and when that house does come along, it makes competition more fierce.

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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