Outer Banks Real Estate Market Weekly Update – Week Ending 1/23/2022
The number of units sold is down a bit from last week. One thing to remember is the amount of time it takes to get from under contract to sold status is still 45 to 60 days. So don’t think the market is slowing!
The number under contract is up for this week compared to the previous week. Active inventory remains at historic lows.
The Weekly Stats
|Average List Price||$701,013|
|Average Sold Price||$688,585|
|Median List Price||$699,000|
|Median Sold Price||$682,000|
|Average Days On Market||50|
|Median Days On Market||16|
|Units Under Contract||74|
|Average List Price||$777,546|
|Median List Price||$634,500|
|Average Days On Market||49|
|Median Days On Market||14|
|Average List Price||$909,700|
|Median List Price||$699,450|
|New Listings Under Contract/Sold/Withdrawn||25|
|Active Listings As Of 1/30/2022||272|
|Average List Price||$1,003,944|
|Median List Price||$615,000|
For those thinking home prices might retract this year the experts would disagree with you.
I go into a bit more depth on this subject in a report I did a few weeks ago. Click here to give it a read.
Information in this article is based on information from the Outer Banks Association of REALTORS® MLS for the period January 17th, 2022, through January 30th, 2022. Residential, not including co-ownerships.