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Outer Banks Real Estate Report December 2017

End of Year Report

Summary – The numbers don’t lie. This has the been a banner year for sales

• Total Unit Sales: 2560 units sold! Best year since 2005!

• Total Sales Volume: $766,057,072! Best year since 2005!

• Average Home Price: $387,064 – highest average home sale price! Best year since 2014!

• Median Home Price: $313,021 – highest median home price! Best year since 2014!

• Inventories: Lowest monthly inventory since 2010!

• Days on the Market: Rapidly declining Days on the market! Down 43% in December!

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