Outer Banks Real Estate MLS Report January 2021

Outer Banks Real Estate MLS Report January 2021

Summary:

January is usually the slow time of the year, sales are slow, and inventory is ramping up for the spring, but not this year.
• Sales

o Residential – Up 73% over January of last year – Highest number of unit sales and total volume sold since – ever!

o Land – Up 125% over January of last year. Highest number of lots / land sales since 2006.

  • Under Contract – Up 101% over January of last year.
  • Inventory – Still declining – residential inventory down 67%. Lots / Land down 26%