Outer Banks Real Estate Market April 2020

Outer Banks Real Estate Market April 2020

 The Outer Banks lockdown has been lifted! Welcome back! 

April real estate results: 

• Sales - As expected, total month to month sales are down 23%. Comparing 2019 to 2020, sales are up 4% for the year, with residential sales up 2%. 

• Under Contract - Under Contracts have declined by 19% because of a lack of showings caused be the lockdown.

• Inventory - Residential inventory is down from last year by 21% and total inventory is down by 17%. 

• Lot and Land Sales - Lot sales are down 35% with inventory down 9%. 

Overall, residential median sales prices are down 2% year over year. Below is the median selling prices of homes in select Outer Banks towns. 

Corolla - $490,000 

Duck - $538,450 

Southern Shores - $467,500 

Kitty Hawk - $357,950 

Kill Devil Hills - $324,900 

Colington - $257,000 

Nags Head - $407,000 

All Hatteras - $331,000 

Roanoke Island - $307,000 

Currituck Mainland - $267,000 

Ocracoke Island - $372,000 

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
Phone: 252-489-0982
Dated: May 17th 2020
Views: 546
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