OBX Real Estate Weekly Market Update – 1/2/2022

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OBX Real Estate Market Weekly Update – Week Ending 1/2/2022

I am getting back in the groove with the weekly updates. Remember they lag seven days behind to allow the data for that week to populate.

This was still a holiday week so activity was understandably slow. It will pick up as everyone gets into their groove for 2022!

  • Units Sold                                                    13
  • Average List Price                                    $875,846
  • Average Sold Price                                   $855,473
  • Median List Price                                     $345,000
  • Median Sold Price                                    $325,000
  • Average Days On Market                     38
  • Median Days On Market                      23
  • Units Under Contract                            34
  • Average List Price                                    $838,321
  • Median List Price                                     $632,499
  • Average Days On Market                    69
  • Median Days On Market                     30
  • New Listings                                                33
  • Average List Price                                     $695,064
  • Median List Price                                      $425,000
  • New Listings Under Contract            5
  • Active Listings As Of 1/10/2022    313
  • Average List Price                                     $1,018,399
  • Median List Price                                      $635,000

*Residential not including co-ownerships.

Inventory is still historically low, down 45% compared to 2020 and 75% compared to 2019.

If you are waiting for spring to sell your property we should talk now. With a predicted rise in interest rates and more homes coming o the market waiting may not be the best strategy. My contact information is right on the home page at mooseobx.com.

Information in this article is based on information from the Outer Banks Association of REALTORS® MLS for the period December 27, 2021, through January 10th, 2022.

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