Long Beach Island Real Estate Months of Inventory
Long Beach Island Real Estate Months of Inventory
Thanks to coronavirus and the current economic policy, the LBI real estate market is on fire. Long Beach Island Real Estate Months of Inventory needs to be understood by both buyers and sellers in the current market as we are seeing unprecedented levels of inventory. At present, we are seeing about 40 or so homes come on the market each week and between 40 and 50 homes go under contract. With this kind of activity, fewer and fewer homes are available for buyers. This is reflected in the difficulty that buyers are having in finding a home and, in many cases, leading to buyers overpaying for a home. Understandings what creates value in the LBI real estate market as well as the current trends can help to avert a costly mistake. A study of the months of inventory is simply an estimate of how long it would take to sell all the homes available in the LBI real estate market if no new inventory came along.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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