Outer Banks Real Estate MLS Report – December 2021 Summary:
End of Year Report
MLS By the Numbers for 2021:
- Inventory is down by 34% (Residential down by 44%, Lots / Land down by 24% and Commercial down by 18%). The lowest inventory in MLS History.
- Sales were up by 17% (Residential up by 42%, Lots / Land by88% and Commercial up by 58%). The highest number of sales in MLS History.
- Total Volume Sold up by 45% (Residential up by 42%, Lots / Land by 88% and Commercial up by 97%). OVER $2 Billion in sales!
- Under Contract Listings for December 2021 down by 13% when compared with December 2020 but are the second highest numbers for any December since at least 2005.