Outer Banks Real Estate Market May 2018 Update

Outer Banks Real Estate Market May 2018 Update

2018 is not a record year but still a good year!

Residential Properties - The drastic decline in the Days on the Market that started in April / May of 2017 continues. The average days on the market for active listings is 187. The average sales price was $415,130, up 6% from last year. 

Sales Trend - For the last four years, residential property sales continue trending upwards although sales for 2018 are slightly below 2017. The decline is most likely due to the cold spring and increasing interest rates. 

Under Contract - Listings placed in an Under-Contract status have been steadily increasing.  

Lot / Land Properties - Unit sales are down slightly but average sale price is up by 13% and median sale price is up by 21%. 

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
Author:
Phone: 252-489-0982
Dated: June 10th 2018
Views: 658
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
252-375-8591