Current Trends In The LBI NJ Real Estate Market On Long Beach Island

Dated: 03/19/2014

Views: 1624

Current Trends in the Long Beach Island Real Estate Market

Between September 1st 2013 and March 1st 2014, the Long Beach Island New Jersey real estate market saw some interesting activity. Sales transactions were broken down as follow:
  • 722 new listings came up for sale in the LBI NJ real estate market
  • There were a total of 412 price reductions during this period
  • 525 homes were either withdrawn from the market or expired
  • 256  homes went “under contract” on Long Beach Island
  • 231 closings took place on Long Beach Island
Looking at the numbers can tell us some important information. With 722 new listings coming on the market, there is clearly a lot of inventory for buyers to choose from. It is also clear that buyers are taking advantage of this inventory with almost 500 homes either closing or going “under contract” during this time period. 

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Current Trends In The LBI NJ Real Estate Market On Long Beach Island

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