OBX Real Estate Weekly Update 4/17/2022

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OBX Real Estate Market Weekly Update – 4/17/2022

New listings are still going under contract at a brisk pace. New listings themselves are off 15% so far this year, and the average listing price is up 19% YTD.

Units Sold 46
Average List Price $782,462
Average Sold Price $782,214
Median List Price $609,950
Median Sold Price $620,000
Average Days On Market 50
Median Days On Market 13
Total Volume $35,981,873
Units Under Contract 62
Average List Price $869,575
Median List Price $734,500
Average Days On Market 20
Median Days On Market 5
Under Contract 1st 7 Days 38
Under Contract 1st 7 Days % 61%
New Listings 91
Average List Price $1,032,707
Median List Price $729,000
New Listings Under Contract/Sold/Withdrawn 51
New Listings UC/Sold/Withdrawn % 56%
New Listings UC/Sold/Withdraw 1st 7 Days 40
New Listings UC/Sold/Withdraw % 1st 7 Days 44%
Total Active Listings As Of 4/26/2022 287
Average List Price $1,005,442
Median List Price $699,000
OBX Active Listings As Of 4/26/2022 209
Average List Price $1,219,474
Median List Price $819,000

Information in this article is based on information from the Outer Banks Association of REALTORS® MLS for the period April 11th, 2022, through April 26th, 2022. Residential, not including co-ownerships.

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