Outer Banks Real Estate Market Year End 2018

Outer Banks Real Estate Market Year End 2018

The Outer Banks real estate market had a good year in 2018. This year may be a different story and should be watched closely. Sales are flat while listings Under Contract have declined sharply. Inventory, on the other hand, is up by 5%. Median sale price, depending on area, is also flat. 


Total Sales 

Year over year December sales are down 9% from 2017 and total yearly sales are down by 6%. 


Under Contract 

Under contract listings year over year December are down 12% from 2017. 


Residential Inventory 

Inventory is rising and stands at 1,441. Up by 6% from 2017. 


Residential Unit Sales 

Year over year December residential sales are basically flat. 


Median Sale Price 

Median sale price has been rising since 2012. Year over year December is down 1%. 


Days on the market 

Homes are staying on the market an average of 111 days. This is down 8% from last year. 


Lots / Land Sales

Land sales continue to decline but the medium sales price is up 3% in 2017 and 16% in the past two years. 


Foreclosures 

Although foreclosures are down year over year for the last 4 months there has been a steady increase. Something to watch. 


Based on information from the Outer Banks Association of REALTORS® MLS. Information contained herein is deemed reliable but not guaranteed and may not reflect all real estate activity in the market. Opinions expressed are solely my own and do not express the views or opinions of my employer.


Steven Donald Headshot
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Phone: 252-489-0982
Dated: January 16th 2019
Views: 160
About Steven: Steve Donald and At The Beach Realty At the Beach Realty is a local firm located in Kitty Hawk, N...

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Weichert Realtors, At The Beach
4601 N Croatan Hwy
Kitty Hawk, NC
252-375-8591