Outer Banks Real Estate Market January 2020

Outer Banks Real Estate Market January 2020

The 2020 Outer Banks real estate market is off to fantastic start! 

• Sales - January is off to a booming start (up 22% from January 2019) with the highest January sales since 2005.

• January Residential sales were up 23% and lot / land sales were up 33%. 

• Under Contract - Under Contract listings were up 18% when compared with January 2019 and is up 17% from December 2019. This is the highest number of under contract listings for a January since the MLS started keeping records in 2013. 

• Residential inventory is down from last year by 11%. However, lot / land inventory is up by 1% 

Below is the median selling prices of homes in select Outer Banks towns. 

Corolla - $477,750 

Duck - $525,000 

Southern Shores - $420,000 

Kitty Hawk - $396,250 

Kill Devil Hills - $310,000 

Colington - $405,000 

Nags Head - $330,000 

All Hatteras - $325,000 

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 employer.

Steven Donald Headshot
Phone: 252-489-0982
Dated: February 25th 2020
Views: 527
About Steven: Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty ...

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at the beach realty llc
4802 Palmer Drive
kitty hawk, NC