Outer Banks Real Estate MLS Report- June 2021 Summary:
Even though the summer is starting to heat up, the market is starting to cool – at least for the summer. Overall, sales are up by 97% in 2021. Here is the breakdown by class.
- Residential Unit Sales – 2020 – 1016 units / 2021 – 1875 – up by 68%
- Lot / Land Unit Sales – 2020 – 179 / 2021 – 484 – up by 170%
Inventory continues to remain at historically low levels. This is the breakdown by class:
- Residential Inventory – 2020 – 975 units / 2021 – 424 units – down 57%
- Lot / Land Inventory – 2020 – 722 units / 2021 – 590 units – down 85%
Under contract listings have fallen off a little – down 14%
