OBX Real Estate Market Weekly Update – 2/20/2022 This was another busy week with 58% of the new listings already under contract as of this morning (Monday, 2/28) and 47% of those going under contract in the first 7 days. The number of units sold is up a tick, as is the total volume. That […]
OBX Real Estate Market Weekly Update – 2/13/2022 Compared to last week units moving to sold status is down from 51 last week. The number of units under contract, which isn’t on this report, has crept back over 700. All of the days-on-market numbers are down from last week. This market is still moving […]
Outer Banks Real Estate Market Weekly Update – Week Ending 2/6/2022 For the week ending 2/6 the numbers are very similar to the previous week. The percentage of homes going under contract within the first seven days is still above average. In case you didn’t see the February monthly update, last year’s average was 41%, […]
The new year began with lower sales, yet continued high demand for homes, combined with the available inventory at historic lows. The Stats The January Statistical Update from the Outer Banks Association of Realtors highlights the inventory woes at the beginning of the report noting that total inventory is down 29% from last year, residential […]
Outer Banks Real Estate Market Weekly Update – Week Ending 1/30/2022 Our brisk seller’s market continues with units sold up slightly from last week, and total volume up from $34MM to $41MM. Active listings on the day this report was written numbered just 273. And demand for new listings remains strong with 58% of those […]
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! […]
Outer Banks Real Estate Market Weekly Update – Week Ending 1/16/2022 Both The number of units sold and units under contract were up quite a bit from the previous week. The holidays are definitely over and it’s back to business. New listings are also up, but as of today half of them are under contract […]
What’s Going To Happen with Home Prices This Year? After almost two years of double-digit increases nationally, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The […]
Outer Banks Real Estate Market Weekly Update – Week Ending 1/9/2022 For the first full week of January 2022. This is after the holiday season is over so there is a bit more activity to report on. Still, there are more potential buyers than there are properties to sell them. Units Sold 38 Average List […]
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 […]