LBI Real Estate New Listings and Sales November 2022
Long Beach Island Real Estate
As the Long Beach Island real estate market continues to balance out, one of the most important factors to monitor are LBI real estate new listings and sales. There is a direct correlation between the number of homes for sale on Long Beach Island and the average sales price. While interest rates, which have been rising, do have some impact on buyer’s behavior, above all else, inventory is key. Inentory levels are still shockingly low, and until this corrects itself, it is likely that prices will remain more or less where they are today. Therefore, it is helpful to look back over the last year at the number of homes for sale and the number of closed transactions to see where we have been and where we might be going!
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
More LBI Real Estate Information:
Where LBI Real Estate Market Prices Are Heading
Four Reasons to Use an LBI Real Estate Agent
Why Selling a Home in the LBI Real Estate Market Makes Sense Right Now
Ways to Use Equity in the LBI Real Estate Market
Two LBI Real Estate Questions Buyers Should Be Asking
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