Outer Banks Real Estate Market July 2018 Update

Outer Banks Real Estate Market July 2018 Update

Total Sales 

Residential sales are closing at about the same pace as 2017; however, total volume sold is up 5%, average sale price is up 6% and the median sale price is up 4%. 

Under Contract 

The number of Under Contract listings is staying about the same as 2017. 

Residential Inventory 

Low inventory continues to impact the market. Inventory is currently running 3% lower than 2017. 

Residential Unit Sales

Unit sales showed a dramatic increase in July 2018; however, July 2017 sales figures were abnormally low due to the Hatteras power outage. 

Days on the market 

The average DOM has remained steady for more than 6 months; however, it should be noted that of the 2,098 new residential listings this year, 26% were sold in less than 33 days. 

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: August 10th 2018
Views: 464
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