Outer Banks Real Estate Insights and News Feb 2019

Real Estate

Although closings continue to be down from year to date in 2019 (-12%), activity has been good which is evidenced by under contracts being up 6% in January!  We expect this figure to increase as the weather gets warmer and we inch closer to the summer season.  Lynn and I both have been busy talking with potential buyers so are very excited about the next few weeks.  Inventory has continued to increase, up 9% compared to January 2018, so buyers should have plenty to choose from, but sellers, or potential sellers need to keep an eye on overall inventory. 

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