LBI Real Estate Days on Market and Negotiation Rate
Long Beach Island Real Estate
LBI Real Estate Days on Market and Negotiation Rate : As we move into 2019 and have a chance to review past data points it seems that more and more 2017 will be recorded as the market high. There has been a drop off in the number of closed sales in the LBI real estate market and while prices are still rising, the lower rate of sales does warrant some concern. I have written that part of the decrease in market activity has to do with very low inventory levels (it’s hard to sell houses when there are no houses to sell!) but even with this factored in there is data to suggest the market has slowed down. One very interesting set of data to support this is LBI Real Estate Days on Market and Negotiation Rates between the original list price and the sales price. Even with the negative data that is appearing buyer confidence is still high and houses are selling at a higher than average pace. Buyers should exercise caution and discipline when looking to buy a home. There are still many great values in the Long Beach Island real estate market provided a buyer is patient enough to wait for one!
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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