This is the Outer Banks Real Estate update for the week ending April 25th. Residential not including co-ownership, week ending April 25th, data pulled April 27th:

68 units sold, average list price $762,811, the average sold price $733,789. The median list price $472,500, the median sold price $475,500. Average days on market 51, median days on market 6.

82 homes went under contract. The average list price was $647,981, median list price $482,000. Average days on market 30, median days on market 5.

There were 79 new listings, an average list price of $753,582, the median list price of $589,900. 29 of those are already under contract or off of the market, 50 are still active.

At the time the data was pulled there were 373 active listings compared to 1356 at the end of April 2020. Average list price $845,663, median list price $589,900.

To keep you up to date with how fast the market is moving, going back to the previous week ending April 18, there were 93 new listings, 58 of which are now under contract, sold, or off of the market. Only 35 are still active Going back two weeks to the week ending April 11th, out of 81 new listings 47 are under contract or off of the market, only 34 are still active. The best properties are still moving quickly. The median days on market is 6 for sold properties, 5 for under contract properties. 

My monthly overview of the March Statistical Report from the Outer Banks Association of Realtors 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 at mooseobx.com

Information in this article is based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2020, through April 27th, 2021.

I’m Mike “Moose” Smith from Moose OBX dot com and the Outer Banks Realty Group. Thanks for watching!