Outer Banks Real Estate MLS Report – August 2021 Summary:
The MLS has received reports that there is still whole lot of demand out there as evidenced by clients making multiple offers and offering due large due diligence fees on a limited number of properties. The next couple of months could be very interesting. Stay tuned.
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Inventory
- Residential inventory 2020 – 723 units. Residential inventory 2021 – 501 units – down 31%
- Lot / land inventory 2020 – 664 units. Lot / Land inventory 2021 – 568 units – down 14%
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Sales
- Residential sales 2020 – 1734 units. Residential sales 2021- 2114 units – up by 22%
- Lot / land sales 2020 – 312 units. Lot / land sales 2021 – 664 units – up by 113%
