The Long Beach Island Real Estate Market: Understanding Why This Is Not 2008 in the LBI NJ Real Estate Market

Understanding Why This Is Not 2008 in the LBI NJ Real Estate Market

Long Beach Island Real Estate

The Long Beach Island real estate market has been on a wild ride since March 2020. The average price of a single-family home is up around 40%, inventory is low, and demand is high. This has led some to compare the current market to 2008 and 2009 when the real estate market crashed, and prices dropped. The truth is, this LBI real estate market is very different from the LBI real estate market of 2008. Likewise, the national real estate market is much stronger as well, which makes the likelihood of a crash very low.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

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