Real Estate June 14, 2024

Year to Date Highlights

Year to Date Highlights:

Year to date, the Average Sales Price of $786,794 represents a 13% increase year over year. The Average Days on Market of 57 is just a slight change compared to this time last year when it was 55.

Year to Date Fun Facts:

  • Units are down 7% and sales volume has increased by 5%
  • The Median Sales Price is now $609,000
  • Listings have increased 29% compared to the first 5 months of 2023
Land sales have decreased significantly this year; however, the average sales price increased by 16%. See the chart below for details comparing this year to 2023.

Year to Date Waterfront Update

  • The number of oceanfront homes increased 21% year over year. 37% of the 51 homes sold were cash transactions.
  • 12 oceanfront condos sold this year compared to 17 last year. The Average Sales Price is $670,075 which is a 16% increase year over year!
  • 38 soundfront homes have sold this year, compared to 36 last year which is a 6% increase. The Average Sales Price is $1,099129 and the Average Days on Market was 81.

Disclaimer: Based on information from the Outer Banks Association of Realtors MLS 1.1.24 – 5.31.24