April 2018 Outer Banks Real Estate Market Update

April 2018 Outer Banks Real Estate Market Update

Residential Properties - April MLS statistics indicate that properties are staying on the market longer since mortgage rates increased in February. However, the statistics also show that residential properties are coming off the market at a rate not experienced during the last three years. 

April statistics also show that, overall, residential sales have declined from 2017 by 5% - with single-family detached home sales down by 8%. On the other hand, condominium sales are up by 30%. This is the second month in a row where condominium sales have been this high. 

Residential inventory was down slightly (3%) but considered stable. Although the downward trend started in 2007, the last two months have showing that this trend is flattening. 

New Construction- New Construction building permits in Dare County are up 15% since 2017. 

Lot / Land Properties - Last month, the MLS reported that Lots / Land unit sales were down slightly; however, unit sales are now up (3%), and average sale price is up by 14% and median sale price is up by 35%. 

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.

Steven Donald Headshot
Phone: 252-489-0982
Dated: May 9th 2018
Views: 508
About Steven: Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Outer Banks Real Estate Market October 2020 - Highest Year to Date Sales Volume
Outer Banks Real Estate Market September 2020 - Record sales three months in a!
Outer Banks Real Estate Market August 2020 - The Outer Banks real estate market
The Outer Banks Real Estate Market July 2020 - The Outer Banks real estate market

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

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