There are Fewer Homes for Sale in the LBI Real Estate Market Than You Think!
Long Beach Island Real Estate
The number of homes for sale in the LBI real estate market has been in a steady state of decline for the last 12-18 months. The overwhelming interest in the LBI real estate market has absorbed the majority of homes that were for sale, and many homeowners have decided to keep their homes rather than sell. This has lead to a very low number of homes for sale on Long Beach Island, which has caused the average price of a home to skyrocket. At present, there are only 2-3 months of inventory on Long Beach Island, which is a seller’s market. (in part due to COVID) While these numbers are low, the reality is that the ACTUAL number of homes for sale on Long Beach Island is far less. This has to do with how homes are categorized in the MLS and how the data is reported.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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