What a difference a year makes! Long story short, there are some BIG moves that are happening. I’ve talked before about algorithmic decay. This chart here is exactly that! Little, by little, by little, then bang. That’s how markets change. Tale as old as time, song as old as rhyme, it’s almost as good as a crystal ball.
Anyone saying the real estate market on the Outer Banks is not changing is just not paying attention.
But, look here, and you decide:
We are on the cusp of a price shift potentially starting this fall. Here are the facts about our market:
- Insurance costs are rising and coverage dropping
- Interest rates are not changing any time soon
- Rental income is back to pre-pandemic levels
If you are on the fence about selling your home, your window is closing before we start to see quantifiable price shifts. Call me today to discuss the best strategy for selling in today’s changing market.
