Outer Banks Real Estate Market Statistics August 2019

Outer Banks Real Estate Market Statistics August 2019

• Sales - Sales of all classes are up 4% for the year and August sales were at a record level not seen since August 2005.

• Residential Sales - Residential sales are up 5% and should continue this trend in September

• Inventory - Overall, inventory is up 4% with Residential down by 2%, Lots / Land inventory up by 14% (second month in a row).

• Lots / Land Sales - Lot sales declined for the last two months; however, inventory is rising.

• Under Contract - There are over 400 listings in an Under Contract status. 


Here are the median sales prices for selected areas on the OBX:

Corolla - $485,000

Duck - $485,500

Southern Shores - $458,000

Kitty Hawk - $351,250

Kill Devil Hills - $286,000

Colington - $274,500

Nags Head - $390,000 

All Hatteras - $330,000


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.


Steven Donald Headshot
Author:
Phone: 252-489-0982
Dated: September 13th 2019
Views: 311
About Steven: Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty ...

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4601 N Croatan Hwy
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252-375-8591