Tuesday, July 6, 2021

When Will Prices Drop in the Long Beach Island Real Estate Market?

 

When Will Prices Drop in the Long Beach Island Real Estate Market?



Long Beach Island Real Estate

The rapid increase in home prices in the LBI real estate market, largely fueled by COVID, has led many buyers and sellers to ask when the LBI real estate market crash will crash. Unfortunately, trying to time the top or bottom of a market is almost impossible, so the best we can do is look at the current data and past trends to predict home prices‘ trajectory. While COVID is certainly an underlying cause of the price increases, buyers need to understand that the LBI real estate market has almost always been strong and stable. 2019, the year before COVID, was one of the strongest years in the LBI sales market. While it is true that at some point, prices will stabilize and could potentially go down, it is doubtful that such action is in the near future.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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