Though it was another cold month here, February Outer Banks home sales saw an increase over 2009. Both months of 2010, have been stronger than their 2009 counterparts. All initial indications show March as being another strong month.
An increase in home sales coupled with a decline in inventory, points to encouraging signs for the local real estate market.
February OBX Real Estate Market Recap
- Distress Sales, bank owned and short sales, accounted for 39% of all sold homes
- January & February Median Home Price above $330,000
- There was a 100% increase in land sales (18 vs. 9) *
- 9% decline in total homes available (2,181 vs. 2,373)*
- 17% increase in pending home sales (137 vs. 117) *
March Featured Home
Oceanside Nags Head Townhome
$319,000
3 Bedrooms
2 Full & 1 Half Bath
Additonal Information
Posted by Mike Bishal on
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