Outer Banks Real Estate MLS Report April 2022Outer Banks Real Estate MLS Report April 2022

Summary:

Last month the MLS reported that the market appeared to be cooling off, and if you look solely at the units sold, it that this trend is continuing; however, when you look at the total volume sold the market is still hot.

  • Total unit sales for 2022 are down 24% (Residential down by 17%, Lots / Land down by 31% and Commercial down by 4%).
  • Total volume sold is up by 4% (That equates to an increase of about $32 million)
  • Inventory is down by 24% when compared with 2021; however, inventory has increased

    slightly (3%) this January.