Be cautious of overall market stats...

Real Estate

We apologize for being so late with our newsletter this month but that just means you'll get 2 this month!  We have some information we wanted to be sure to share with you.

The first line of this month's market summary from our MLS reads... “highest monthy number of units sold since October 2005!”.  That would make any one who owns property on the Outer Banks excited about what that means to their property’s value.  If the number of sales has increased that much in 12 months then property values are certainly on the rise as well……. Right?  

Before I answer that, lets take a look at a few other statistical areas that occurred in June...