OBX Real Estate Market Weekly Update 4/24/2022

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OBX Real Estate Market Weekly Update – 4/24/2022 What happened? Only 26% of new listings are off of the market in seven days or less?!? The average list price is way under the current market average? The number of new listings low too? My crystal ball tells me this could be a one-week aberration. Each […]

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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 […]

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OBX Real Estate Weekly Update – 4/10/2022

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OBX Real Estate Market Weekly Update – 4/10/2022 The word on the street is that the market may be cooling off a bit. But don’t take that the wrong way as it is far from cold. And looking into my crystal ball next week the pace of properties going under contract quickly will tick up […]

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OBX Real Estate Weekly Update – 4/3/2022

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OBX Real Estate Market Weekly Update – 4/3/2022 The market’s weekly pace of new listings going under contract during the first 7 days took a dip below average last week. But, as I predicted, it is back up this week to 44% which matches the market average for the year so far. That average year-to-date […]

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OBX Real Estate Weekly Update – 3/27/2022

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OBX Real Estate Market Weekly Update – 3/27/2022 After last week’s super fast-paced new listing bonanza, where over 60% of the homes listed were under contract in a week or less, we have a below-average week of only 37%. Are we cooling off? Is the market demand easing? Can I make an offer on a […]

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OBX Real Estate Market Weekly Update – 3/20/2022

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OBX Real Estate Market Weekly Update – 3/20/2022 The most striking stat from this particular week is the percentage of new listings going under contract during the first seven days: 62%! On the day this was written 79% of them are already spoken for!! Out of all of the properties listed in 2022 81% are […]

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OBX Real Estate Market Weekly Update – 3/13/2022

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OBX Real Estate Market Weekly Update – 3/13/2022 New listings continue to fly off the market. Out of 70 new listing for the week, 47% were spoken for in the first 7 days, 59% of the gone by the day this report was compiled, 3/22. In addition, some sellers are making serious demands such as […]

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OBX Real Estate Weekly Update – 3/6/2022

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OBX Real Estate Market Weekly Update – 3/6/2022 There is a big jump in the number of units moving from under contract status to sold status, up 35 units from last week! This is sort of a reflection of the increase in sales activity after the holidays. It takes most properties about 60 days to […]

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OBX Real Estate March Market Update

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Historically low inventory is one of the major issues affecting the Outer Banks real estate market. High demand is another. The Stats The February Statistical Update from the Outer Banks Association of Realtors, just like last month, has the lack of inventory as the top bullet point at the beginning of their report. Total inventory […]

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OBX Real Estate Market Update – 2/27/2022

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OBX Real Estate Market Weekly Update – 2/27/2022 This update is for the last week of February. The Outer Banks Association of Realtors monthly report for February is out today. I’ll have that wrap-up in my March monthly OBX Real Estate Report. This Week’s Takeaways The big takeaways for this week include the number of […]

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