Outer Banks Real Estate Market: Prices Finally Stopped Declining
IT HAS FINALLY HAPPENED!!!!
The average price for a home sold on the Outer Banks has finally stopped going down!! As a matter of fact it actually went up just a bit. For the first time in 2009 or 2008 for that matter prices have finally leveled off (follow the monthly trend on the OBX Stats page of my website). The average sold price in October was $334,141 and for November it was $334,743. With the way the market is going I don't think we will see a big drop in prices again. At the beginning of the year buyers began to trickle down to the Outer Banks and now the trickle has turned into a steady stream. If you have been on the sidelines waiting for prices to level off now is the time to get into the Outer Banks real estate game.
Attn iPhone Users: You can go to the homepage on my website and download the new Search MLS app to search the Outer Banks MLS. It’s on the right side of the page. It’s FREE and easy to use!!
About the author of this blog:
Matt Huband is Broker/Owner of Hometown Realty in Kitty Hawk, NC. Working with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. Put Matt's extensive area knowledge to work for you.
To learn more about Outer Banks real estate go to www.HometownOBX.com or email MattHuband@HometownOBX.com
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