Month-to-month sales have started their seasonal decline. Year to date, residential sales are down by 4%, lot / land sales are down by 11% and commercial sales are down by 13%.
The number of listings under contract has been steadily declining since April. The decline is following a seasonal trend but with the low inventory we are exhibiting we will need to track this decline closely.
Lack of inventory continues to impact the market. Inventory is currently running 4% lower than last year.
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.
Author:Steven Donald Phone: 252-489-0982 Dated: July 10th 2018 Views: 460 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.