Outer Banks Real Estate MLS Report – July 2021 Summary:
In the June 2021 report, the MLS reported that although the summer was heating up, sales were starting to cool down. In July we have seen this trend continue with monthly sales down 20% and total inventory down 32%. However, the total number of sales are up 65% since last year. Here is the breakdown:
- Residential Inventory – 2020 – 881 units / 2021 – 477 units – down 46%
- Lot / Land Inventory – 2020 – 699 units / 2021 – 583 units – down 17%
- Residential Unit Sales – 2020 – 1412 units / 2021 – 2144 – up by 52%
- Lot / Land Unit Sales – 2020 – 234 / 2021 – 579 – up by 147%
- Under contract listings have fallen off a little – down 23%
