LBI Real Estate Days on Market March 2020-February 2021
Long Beach Island Real Estate and Coronavirus
LBI Real Estate Days on Market March 2020-February 2021. Since the Coronavirus pandemic began about one year ago, the Long Beach Island real estate market has undergone a remarkable transition. We have seen a roughly 30% increase in prices and inventory levels are at an all-time low. While competition is stiff, there are still buying opportunities in the LBI real estate market if you understand what determines the value of a home and remain patient and disciplined. To remain competitive, all buyers should understand the trends they are facing and one of these trends is the amount of time a home spends on the market for sale. A look at LBI Real Estate Days on Market March 2020-February 2021 can help shed some light on these trends.
- Over the past year, the amount of time a home spent on the market has dropped by half
- Currently, homes spend an average of less than 80 days on the market
- The number of sales each month has fallen, but this has to do with a lack of inventory
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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LBI Real Estate Days on Market March 2020-February 2021
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