LBI Real Estate Outlook December 2023

Dated: December 28 2023

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LBI Real Estate Outlook December 2023

Long Beach Island Real Estate

2023 has been a challenging year for buyers in the Long Beach Island real estate market. Inventory is at a near all time low, and mortgage rates are high. Despite this, prices in the LBI real estate market grew in 2023, worsening the situation. Looking forward to 2024, mortgage prices are predicted to drop, which is welcomed news, but inventory will most likely remain low, and prices will likely increase.

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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Nathan Colmer

I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This has given me a deep knowledge base of the area that many others lack. My career in real estate has bee....

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