Overall, when comparing first quarter 2019 and first quarter 2018 sales, residential and commercial sales are up; however, lot / land sales are down sharply. Under Contract listings have been steadily rising since December. Distressed inventory has held steady; however, with no foreclosures in March in Dare County, inventory is expected to decline.
First quarter 2019 sales are up 4%.
We are experiencing the highest number of listings under contract since May 2017, up 9%.
Inventory is rising and stands at 1,651, up by 9%. Highest inventory since June of 2017.
Residential Unit Sales
Residential sales are down slightly from March 2018, but are still strong.
Median Sale Price
Median sale price continues to rise. Year over year prices are up 4%.
Days on the market
Homes are staying on the market an average of 107 days. This is down 16 days from last month.
Lots / Land Sales
Lot & land sales are down 33%. Inventories are up and the median price is down significantly.
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 firm.
Author:Steven Donald Phone: 252-489-0982 Dated: April 17th 2019 Views: 337 About Steven: Steve Donald and At The Beach Realty ////
At the Beach Realty is a local firm located in Kitty ...
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Since 1996 I have been proudly selling real estate on the Outer Banks of North Carolina. I can think of no other career than to help people realize their dream of home ownership on these beautiful barrier islands. I represent buyers and sellers, whether you are a first time buyer, seasoned investor or somewhere in between. You can count on myself and my team to be with you every step of the way. Honesty and Integrity are the core values of our company.
Overall, inventory is up 12% with residential inventory up 7%. R
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