Outer Banks Real Estate MLS Report May 2022
For the last three months, sales have been in the decline; however, the statistics show that buyers are still willing the pay the big bucks for access to property on the Outer Banks. The MLS notes that although sales have declined the median sale price is up 26% for residential class and 24% in the Lots / Land class.
- Total unit sales for 2022 are down 19% (Residential down by 22%, Lots / Land down by 9% and Commercial down by 28%).
- Inventory is down by 12 when compared to 2021; however, residential inventory continues to climb (up by 3%).