Outer Banks Real Estate MLS Report March 2020 Summary:
- Sales – Surprisingly, monthly sales were up 7% in March and yearly sales were up 14% over 2019. The MLS projects that sales will be down in April due to COVID-19.
Lot / Land sales were up 11% when compared with 2019.
- Under Contract – The number of under contract listings are down 2%have started to fall – down 2% from 2019 and down 12% since last month.
- Inventory – Residential inventory is down from last year by 18% and total inventory is down by 13%