Outer Banks Real Estate Blog- Spring Break Give A Huge Boost To The Outer Banks Real Estate Market
Since the beginning of the year the Outer Banks real estate market slowly started to come to life. Now as April comes to a close based on the houses put under contract in February, March and so far this month I would revise the "slowly" to "definitely" come to life. From April 4th-19th, the traditional spring break which allowed buyers with school age children a chance come down, was a boom to the Outer Banks real estate market. During those two weeks buyers put 81 houses under contract for a total of 111 so far in April! If things keep moving April should surpass March's total. To put that into perspective check out the chart below that shows the total number of houses put under contract each month going back to September '08.
Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09
107 101 73 73 89 117 124
While this is not quite back to where we need to be under normal market circumstances you need to start from the bottom to work your way back up and these numbers shows me the Outer Banks market is starting to move in the right direction.
To learn more about buying real estate on the Outer Banks email MattHuband@HometownOBX.com
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*All figures were obtained from the Outer Banks Association of Realtors. All Information is reliable but not guaranteed*
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