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.


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Phone: 252-489-0982
Dated: June 10th 2018
Views: 608
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
4601 N Croatan Hwy
Kitty Hawk, NC
252-375-8591