Outer Banks Real Estate MLS Report May 2019

Outer Banks Real Estate MLS Report May 2019 Summary:

  • The number of listings in an Under Contract status have held steady for the last three months but are down 3% from 2018.
  • Although residential sales are down 3% from 2018, May sales jumped 11% from April sales.
  • Residential inventory continues to climb and is up 7% from 2018. Most notably, residential inventory has continued to climb for the last 12 months.
  • Based on the above, the MLS predicts there will be a lot of closings in June.