Outer Banks Real Estate MLS Report February 2022

Outer Banks Real Estate MLS Report – February 2022 Summary:

Interesting statistics:

  • Inventory is down by 34% (Residential down by 36%, Lots / Land down by 34% and

    Commercial down by 20%).

  • Interesting, there are only 78 residential listings that are priced at less than $400K and only

    35 of these properties are on the Outer Banks between Corolla and Hatteras.

  • Sales are down by 17% (Residential down by 20%, Lots / Land down by 8% and

    Commercial up by 218%).

  • Total Volume Sold up by 14% (Residential up by 14%, Lots / Land by 11% and Commercial

    up by 218% – The increase can be attributed to two large sales).

  • Under Contract Listings for February are down by 14% when compared with February 2021