LBI Residential Real Estate Market Update: April vs. May 2025
As summer kicks off, the Long Beach Island real estate market remains active and competitive, though a few subtle shifts emerged in May that are worth watching.
Total Sales
April 2025: 31 properties sold
May 2025: 38 properties sold
Sales rose by over 22%, signaling renewed buyer momentum as we moved into the pre-summer window. May often brings increased activity from both serious buyers and those planning ahead for next season.
Average Sale Price
April 2025: $2,427,349
May 2025: $2,059,882
The average sale price dipped by about 15%, likely due to a different mix of inventory closing—potentially fewer luxury-tier homes compared to the prior month. Still, pricing remains strong relative to earlier in the year, and demand has not waned.
New Listings
April 2025: 45 new listings
May 2025: 46 new listings
New listings remained flat month-over-month. While May typically brings more inventory to market, the numbers this year continue to reflect limited seller activity and reluctance to list unless there’s a compelling reason to move.
Sales to List Price Ratio
April 2025: 98.7%
May 2025: 96.4%
Slight softening here, but still strong. Buyers were negotiating a bit more than in April, but sellers are still achieving very close to asking in most cases.
Median Cumulative Days on Market (CDOM)
April 2025: 35 days
May 2025: 43 days
Homes took slightly longer to sell in May, suggesting a bit more deliberation from buyers or more older inventory finally turning over, likely the latter. That said, sub-45 day CDOM is still a fast-moving market by LBI standards.
Total Inventory
April 2025: 160 homes
May 2025: 155 homes
Inventory dipped slightly, showing that despite a stable number of new listings, buyer activity continued to outpace supply. With sales increasing and inventory trending downward, competition may remain elevated heading into summer. It is worth noting that these inventory numbers includes homes marked Active Under Contract. While a few may fall through, the majority of those are already well on their way to closing. As a result, the number of truly available homes is even lower than it appears.
Market Insights
May’s data shows a market that’s still highly active, but slightly more balanced than in April. Buyer urgency hasn’t disappeared, but the modest drop in average price and sale-to-list ratio suggests a shift in the type of homes closing rather than more pushback on pricing.
The big-picture trend remains clear: demand continues to outpace supply, and inventory remains historically low. Unless listing volume increases significantly in June and July, the market is likely to remain tight—and well-priced homes will continue to draw interest quickly.
For sellers, the takeaway is simple: it’s still a strong time to list, especially if your home is turnkey or in a sought-after location. For buyers, flexibility and decisiveness remain your biggest advantages.
Have questions about a specific property, neighborhood, or strategy? I’m always happy to help.
