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Outer Banks Real Estate Market Report - June 2024

Page 1

2024 Second Quarter Statical Report This month the MLS has decided to take a different look at the MLS data. • Residential Median Sales Price was at a record high in 2023 Qtr 4. 2024 Qtr 2 was also approaching this record high. • Total inventory is recovering. When compared with 2023, residential inventory is up 62%, Lots/Land inventory is up 22% and total inventory is up by 43%. Quarterly Change in Residential Median Sales Price $600,000 $500,000 $400,000 $300,000 $200,000

$100,000

Total Inventory 1500

3000

1000

2000

500

1000

0 1st qtr Jan Feb Mar Apr May Jul July Aug Sep Oct Nov Dec 2021 2022 2023 2024

Data Obtained: July 8, 2024 Note: This report reflects corrections / updates to previous data

2024 Qtr1

2024 Qtr 3

2023 Qtr1

2023 Qtr 3

2022 Qtr 3

2022 Qtr1

2021 Qtr 3

2021 Qtr1

Sales by Quarter

4000

0

2020 Qtr 3

2020 Qtr1

2019 Qtr1

2019 Qtr 3

2018 Qtr1

2018 Qtr 3

2017 Qtr 3

2017 Qtr1

2016 Qtr 3

2016 Qtr1

2015 Qtr1

2015 Qtr 3

2014 Qtr1

2014 Qtr 3

2013 Qtr 3

2013 Qtr1

2012 Qtr 3

2012 Qtr1

2011 Qtr 3

2011 Qtr1

2010 Qtr1 5000

2010 Qtr 3

$0

2nd qtr 2021

2022

3rd qtr 2023

2024

4th qtr


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Outer Banks Real Estate Market Report - June 2024 by rickkinne59 - Issuu