The Outer Banks real estate market improved in February, especially on the Currituck Mainland where sales were up 133% from a year ago. Between January and February 2019, the number of sold listingsincreased by 15%. The number of listings in an under contract status increased by 14%. But the most interesting statistic so far is that in February we experienced the highest number of sales inthe month of February since 2005.
Year over year sales showed that the number sales was up by 46%.
February listings in an Under Contract status were up 6% Y-O-Y and 14% M-O-M.
Inventory is rising and stands at 1,547, up by 8% from February 2018.
Residential Unit Sales
Year over year February residential sales are up 38%.
Median Sale Price
Median sale price has been rising since 2012. Year over year prices are up 2%.
Days on the Market
Homes are staying on the market an average of 121 days. This is up 18 days from last month.
Lots / Land Sales
Last month the MLS reported that land sales had been in a steady decline. 2019 sales look much better.
Foreclosures are basically flat.
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: March 12th 2019 Views: 229 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.