Long Beach Island Real Estate Market Sales and Months of Inventory
Long Beach Island Real Estate Market Trends
The LBI real estate market has been seeing tremendous activity with fierce competition among buyers. Over the past year, and as a direct result of COVID, the number of homes for sale on Long Beach Island has been in a steady decline. At present, there are only about 75-100 homes for sale in the LBI real estate market! Looking at the months of supply of inventory, we see a lack of supply show, though, and the number of sales each month has followed suit with less inventory to meet the demand of buyers. Understanding LBI real estate market sales and months of inventory is a useful statistic to evaluate the health of the local sales market.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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