This is the Outer Banks Real Estate update for the week ending May 2nd. Residential not including co-ownership, week ending May 2nd, data pulled May 3rd:

86 units sold, average list price $610,465, the average sold price $608,532. Median list price $463,450, the median sold price $482,000. Average days on market 27, median days on market 5.

81 homes went under contract. The average list price was $733,601, median list price $549,900. Average days on market 44, median days on market 7.

There were 67 new listings, an average list price of $745,416, the median list price of $499,000. 27 of those are already under contract or off of the market, 40 are still active.

At the time the data was pulled there were 363 active listings compared to 1316 at the end of April 2020, and 1233 at the end of May 2020. Average list price $875,424, 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 25, there were 81 new listings, 44 of which are now under contract, or off of the market. Only 37 are still active.

Going back two weeks to the week ending April 18th, out of 95 new listings 68 are under contract, sold or off of the market, only 27 are still active. The best properties are still moving quickly. The median days on market is 5 for sold properties, 7 for under contract properties. 

My monthly overview of the April Statistical Report from the Outer Banks Association of Realtors should be available early next week. The March monthly overview 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 May 3rd, 2021.