Outer Banks Real Estate Market Update January 2018

Outer Banks Real Estate Market Update January 2018

If you read my blog last month I reported full-year 2017 as one of the best for the Outer Banks real estate market in years. Total unit sales and sale volume was the best since 2005; average home prices were the best since 2014; inventories are the lowest since 2010; and days on the market declined 43%. 

So what about January 2018. 

We continue to see record sales volume and the lowest number of days on the market. There is a record low number of units in an under-contact status and low for sale inventory. Here is the quick and dirty summary for January 2018:

- Highest residential dollar sales volume since 2006! 

- Highest January sales since 2006! - 152 units 

- Lowest January Days on Market since 2006! - 170 days 

- Lowest number of January listings under contract since 2009! - 304 Units 

- Lowest monthly inventory since 2005! - Residential - 1369 units, Lots / Land - 680 Units 

 So if you are in the market for a new Outer Banks home expect increased competition for the most desirable properties and less negotiating opportunities. On two properties I have been following both increased their listing price in January. That is not to say there aren’t good deals to be had however. Just be prepared to act quickly and make a reasonable offer. Give me a call and I will start the search and get you in the best position to land your dream Outer Banks home. 252-489-0982 or email: steven@atthebeachobx.com. 

Image title

Based on information from the Outer Banks Association of REALTORS® MLS for the period December 2017 and January 2018. 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: February 9th 2018
Views: 384
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