JUNE 2011 STATS from Outer Banks Board of Realtors

Overall- Sales for June were up by 3% from one year ago and 12% from last month. Residential Property Sales in 200k to 499k range were the hottest properties with sales up 7% since last year and 48% since May.

Distressed Residential Property Sales were down 6% from last year, however the number of sold short sale units was up 81% from a year ago. In comparison the number of sold bank owned units were up 11% from May, but was down 48% from last year.


Median Sales price for single family detached homes was down 7% from last year and down 17% from last month. The median sales price for condos was down 36% from last year, however the median sales price was up 28% since last month.

Inventory- Overall inventory has declined over past year by 14% and land has declined 15%.

Foreclosure Report- Dare County foreclosure are up 28% in June/2011 with 50 units over May/2011 with 39 units.