For the second month in a row, the Outer Banks real estate market appears to be stabilizing and rebounding.
Some highlights of the reports you will find below.
In June/July we were continuing to post negative numbers in terms of properties being sold (closed). However, we did continue to post postive numbers in terms of properties going under contract.
Some really important market indicators are listed below. NOTE THE STRONG COME BACK OF HOMES SOLD FROM JUNE/JULY TO AUGUST. THIS IS A 72.34% INCREASE!
We can expect this trend to continue because of the strong market conditions in terms of properties continuing to go under contract. WHICH ALSO JUMPED ABOUT 20% IN AUGUST.
| Month | Sold Homes | Sold Land | Under Contract Homes | Under Contract Land |
| June/July | -38.05% | -15.15% | 7.14% | 17.86% |
| August | 34.29% | -14.29% | 24.76% | 18.18% |
If you are considering BUYING AN INVESTMENT PROPERTY on the Outer Banks of North Carolina, I strongly urge you to begin your search now. We are still in a buyers market and sellers are extremely motivated to sell right now.
Our market indicators are predicting a strong Fall and if this trend continues, sellers will be less responsive to offers.
Comments(1)