LBI Real Estate Outlook December 2023
Long Beach Island Real Estate
2023 has been a challenging year for buyers in the Long Beach Island real estate market. Inventory is at a near all time low, and mortgage rates are high. Despite this, prices in the LBI real estate market grew in 2023, worsening the situation. Looking forward to 2024, mortgage prices are predicted to drop, which is welcomed news, but inventory will most likely remain low, and prices will likely increase.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
No comments:
Post a Comment