Outer Banks Real Estate MLS Report February 2021
Inventory – The most important word in the MLS this year has been inventory. Since May 2019, inventory has been in decline; however, the bottom really fell out in April 2020. When compared with last year, residential inventory is down by 69% and lots / land inventory is down by 22%. Clearly, the lowest inventory numbers since the MLS started keeping records in 2005.
Sales – On the other hand, residential sales are up 68% and lot / land sales are up 100% Under Contracts – Up 65% over February of last year.