Although the numbers continue to decline compared to last year, the activity did pick up, and the decrease in numbers continues to be the direct result of low inventory. While units were down slightly compared to the previous month, June sales volume experienced an uptick due to several high-end sales.
In June, 65 of the 165 properties sold went for 100% or higher of the asking price which is a strong indicator that buyer demand remains high!
For the 2nd month in a row, the average sales price increased compared to the previous month!
June MLS Fun Facts:
- The Average Asking Price of a single-family home listed in June was $775,254
- 79 of the 174 properties listed in June have either sold (8) or are already pending (71) after being on the market, on average, for just 7 days!
- On average, property sold for 94% of the original asking price
- 22% of the closings were cash transactions, 65% were conventional loans
- 3 homes sold for over $3 Million. 2 were investment homes with rental income and one home was located in a primary residence area (Martins Point)
- The Average Sold Price of $811,140 was the highest monthly average for at least the past 4 years!
*All stats based on the Outer Banks Association of Realtors MLS, residential Dare & Currituck County.
