2020 was a record-setting year for real estate on the Outer Banks. And December was another strong month. 2020 is now in our past, and what a surreal year it was. I have to recognize the fact that not all sectors of our economy fared as well as real estate did. I hope that […]
November was another strong month for real estate, even though it has slowed just a bit. Is that slow-down due to declining inventory? Well, here we are in early December. In April if anyone had said by the end of the year our real estate market on the OBX would be 40% ahead of 2019 […]
Real Estate sales records are broken again in October! The market is strong, we just need properties to sell! The Outer Banks Association of Realtors released the statistical report on November 9th. Our real estate market remains strong with a record-setting 456 units sold in October. That is a 104% increase over last October. The […]
The ultra-hot OBX real estate market rolls on, record sales three months in a row! COVID may have shut us down in March, but we certainly have more than made up for that lost time. The Outer Banks Association of Realtors released the September data on October 9th. Total sales for the month compared to […]
How hot is the real estate market on the Outer Banks? Remember how hard it was to find toilet paper in April? Ok, so I “borrowed” that from a meme that was rolling around a few weeks ago, but it is pretty accurate. You could get toilet paper in April, but you had to be […]
A busy summer is flying by. It’s odd because as active as it has been, no one could have predicted the current outcome in the real estate world back in March when the COVID-19 talk began. Real estate on the Outer Banks is booming! Several buyer mindsets are prevalent. There are those who have made […]
The future of housing prices is a hot button issue even with those who are not thinking of buying or selling just now. Last week when the June statistical report was released from the Outer Banks Association of REALTORS® it showed the residential median sales price up 2% versus June of last year. That number […]
The Outer Banks Association of Realtors released the June statistical report on July 8th. Considering we are still dealing with a global pandemic, the real estate news is not bad. Yearly sales in all classes remain down 5%, but monthly sales for June are up 6% over last year. For those in the business of […]
Across the country and on the Outer Banks real estate sales are strong. There are several reasons this sector is leading the way for our economic recovery. According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge […]
The Outer Banks Association of Realtors released the May statistical report on June 8th. Monthly sales in all classes were down 30% when compared to May of last year, and yearly sales are down 5% The number under contract, all classes in the report is the highest since OBAR started tracking the data, 549 on […]
