Inventory is Rising in the Long Beach Island Real Estate Market
Long Beach Island Real Estate
One of the most impactful conditions in the LBI real estate market, partly as a result of COVID, is the supply of homes. Or, more accurately stated, the lack of supply of homes for sale. Low inventory has lead to many homes receiving multiple offers, and the simple law of supply and demand has caused prices to increase. Now, we are starting to see indications that inventory levels may have reached their low point as the number of homes for sale in the LBI real estate market appears to be rising slowly. So, what do more homes for sale on LBI mean for buyers?
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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