Here’s a quick snapshot of what we’re dealing with as we look at current active inventory versus what is currently under contract.
Active | Under Contract | Sold so far 2021 | ||
Corolla | 38 | 119 | 132 | |
Duck | 22 | 15 | 40 | |
Southern Shores | 10 | 22 | 28 | |
Kitty Hawk | 8 | 22 | 31 | |
Kill Devil Hills | 12 | 57 | 101 | |
Nags Head | 31 | 50 | 82 |
*Source OBAR MLS for single-family homes only
I’ve been selling since 1997, and I’ve never seen anything like this. It’s very exciting to have so many people this dedicated to buy their beach dream home. It’s also a very challenging market! Despite what it looks like, finding the buyer is a very small percentage of what an agent does for a seller. With increased regulations, rules, financing challenges, and buyer expectations, having a good agent on your side, truly is instrumental to getting the transaction closed. If you have any questions about buying or selling in this market, please contact me.