Under Contract listings, up 17%, are still at their highest since September 2017 which again looks good for closings in October. While YTD Condominium & Lot/Land sales are down compared to
Outer Banks Real Estate Market June 2019
Overall, inventory is up 12% with residential inventory up 7%. Residential sales peaked in May and have started their seasonal decline. Lots / land inventory up 22% and commercial inventory up 22% since June 2018. Overall sales from 2018 to 2019 are up 1% with residential sales up 4%, lots / land salesdown 12%. Listings in an under-contract status are down 4%. The area to watch seems to be lots / lands. Inventory is up but sales are down.
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. Opinions expressed are solely my own and do not express the views or opinions of my firm.
Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty Hawk, North Carolina with over 22 years’ experience selling Outer Banks real estate. We are member....
Latest Blog Posts
• Sales - Sales of all classes are up 4% for the year and August sales were at a record level not seen since August 2005.• Residential Sales - Residential sales are up 5% and should continue