What’s Happening in the Outer Banks Real Estate Market? (Summer 2022)
AuthorMike Siers. Date:
After two incredible years for real estate in the Outer Banks, North Carolina we have been staying ahead of the shifts. We have experienced a market like never before and possibly never to be duplicated. Values increased monthly, with many homes going above the asking price within hours. In the Outer Banks, values in some areas have increased by 48% or more. We have set records for sales volume and units sold. We started the 2022 year on pace to achieve this once again. Our housing inventory started to grow in February. The overall days that homes spent on-market decreased due to a less housing inventory. This second part of the year has started to creep back up. The average home prices are leveling off – some believe to reflect the new bottom to the Outer Banks market. Outer Banks Market Summary The Outer Banks is a destination location driven … Continued
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