Monday, 12 November 2018
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This Old House - Do-it-Yourself

Post-Election Nags Head Real Estate Update

Written by Posted On Thursday, 08 November 2018 09:47

Now that all the negative campaign ads are gone maybe we can all get back to our normal lives again. If buying or selling a piece of real estate in Nags Head NC is in your future then this market update might be of interest to you.


As of Nov 11, 2018 there are 152 Single Family homes in Nags Head for sale. In the past 12 months there were only 187 homes sold all year with an average of 113 days on the market. The year prior had 182 homes sell with an average of 88 days on the market. At this rate there are almost enough homes currently for sale to take up all the demand for the next 12 months. For those thinking about selling you had better be prepared to be competitive with this much inventory on the market. Buyers can still be on the lookout for a good deal with so much inventory to choose from.


In the Nags Head Condo market there are 11 condos for sale with 4 condos under contract with a buyer. In the past 12 months 27 condos were sold in Nags Head. The condo market in Nags Head is hot right now with condos selling in just 138 days on average.

 

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