This is the Outer Banks Real Estate update for the week ending April 11th.

The quick weekly update. Residential, not including co-ownership, week ending April 11th, data pulled April 13th:

59 units sold, average list price $610,964, median list price $514,900. Average sold price $606,176, median sold price $510,000. Average days on market 63, median days on market 15.

101 homes went under contract. The average list price was $856,811, median List Price $587,000. Average days on market 37, median days on market 6.

There were 79 new listings, an average list price of $763,326, median list price of $495,000. 35 of those are already under contract.

At the time the data was pulled there were 354 active listings compared to 1356 at the end of April 2020. Average list price $839,300, median list price $595,000.

To keep you up to date with how fast the market is moving, going back to the previous week ending April 4, there were 113 new listings, 60 of which are now under contract. Going back two weeks to the week ending March 28th, out of 75 new listings only 53 are under contract, one sold, 21 are still active. The demand is there. The best properties go quickly.

The March Statistical Report is out from the Outer Banks Association of Realtors. Sales and Inventory are the two buzzwords in the report. It is in my April market update which you can find on the Moose OBX Facebook page, YouTube channel, at Moose OBX dot com, and featured in the real estate section at OBX Today. 

If you have questions about a specific area or need help with your situation give me a shout. All of my info is in the about me section of the website.

Information in this article is based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2020, through April 13th, 2021.