July 2010 Outer Banks Market Report

It was definitely was a hot month on the Outer Banks. The hottest one in a while it seems. July was an interesting month for real estate on the Outer Banks. The real estate market continues to be dominated by foreclosures and short sales. It will be interesting to see how long it continues.

July Real Estate Highlights

Foreclosures made up 27% of all sales
Median sold single family price of $301,000
93 homes were sold in July
Kill Devil Hills had the most homes sold at 23
Homes under $500,000 continue to sell the fastest
15 condominiums were sold in the month of July

Posted by Mike Bishal on August 10th, 2010

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