Coldwell Banker Seaside Realty Releases Mid-Year OBX Market Report

Coldwell Banker Seaside Realty has released their 2019 Mid-Year Market Reports for both the Outer Banks and northeastern North Carolina region. The mid-year report, which breaks down market statistics by area and property location, provides useful data on single family homes and condominiums in each area including the average sales price, days on the market and final sale price range. Information is taken directly from the Outer Banks Association of Realtors MLS for the period of January 1, 2019 – June 30, 2019. Click Here to read the full Outer Banks Market Report. Be alert to read related news.

"Residential sales on the Outer Banks are pretty flat in both units sold and sales volume compared to the 1st half of 2018. I believe this is the result of the lower inventory levels we experienced last year. However, inventory is starting to rise, which is great news, and as of the end of June, the residential listings increased 10% year over year. Properties are also selling at a much faster pace with the average for days on the market of 115 being significantly lower than the 2018 mid-year average of 134," said Pamela Smith, Vice President of Coldwell Banker Seaside Realty.

Once again, Coldwell Banker continues to lead the Outer Banks Market and is the #1 firm in both sold units and sales volume. The company is committed to the success of their sales agents and provides the support, training and technology needed to best service their clients.

The northeastern North Carolina real estate market, including the primary counties of Camden, Chowan, Currituck, Gates, Pasquotank and Perquiman, reported a 12% increase in sales units and 14% in sales volume year over year, as reported by The Albemarle Area Association of Realtors. "The Moyock market continues to be very strong with new construction sales representing 60% of all homes sold in Moyock," said Smith. Click Here to read the full Albemarle Area Market Report.

About Coldwell Banker Seaside Realty: Coldwell Banker Seaside Realty firm continues to lead the market and is the top producing firm on the Outer Banks*. Family owned and operated with nearly 30 years of local knowledge and experience; the company offers real estate services across the entire Outer Banks as well as all of northeastern North Carolina. Combined with the Coldwell Banker brand, one of the largest and most influential residential real estate brokerage franchises in the world, Seaside Realty offers top-tier real estate services to buyers and sellers throughout the region.

*As reported by the Outer Banks Association of REALTORS MLS 1/01/2016 – 6/30/2019.

.

© Copy Right 2019 Jessica Brown's Press Releases.

All information are taken from the news source. We do not promise anything nor take any responsibility for anything the news owner claim. We just share the news as is. You can contact news owner directly in the message for more information.