Outer Banks Real Estate Market February 2019

Outer Banks Real Estate Market February 2019

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. 


Total Sales 

Year over year sales showed that the number sales was up by 46%. 


Under Contract 

February listings in an Under Contract status were up 6% Y-O-Y and 14% M-O-M. 


Residential Inventory 

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 

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.


Steven Donald Headshot
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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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