January February March April May June July August Septem October Novem Decem August 218 MLS Statistical Report Total Sales Overall, sales are down 3%; however, total volume sold is up 7% and Median Sale price is up 9%. Total Sales Aug'18 218-3% Aug'17 224 1% Aug'16 24 9% 3 2 1 Total Sales - M-O-M 21 216 217 218 Under Contract Overall, UC listings are holding steady month to month; however, yearly UC's are up 1%. Y-O-Y Under Contract Aug'18 416-1% Aug'17 419-3% Aug'16 431 6% 6 4 2 Total Listings Under Contract Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec 21 216 217 218 Residential Inventory Inventory is the highest it's been in 16 months. Something to watch. Active Residential Inventory Aug'18 128 1% Aug'17 113-8% Aug'16 1644-11% 2 1 Active Residential Inventory 21 216 217 218 Data Obtained: September, 218 Note: This report reflects corrections / updates to previous data.
Residential Property Sales Residential Sales Monthly sales are down slightly; however, yearly sales are up 1%. Residential Sales Aug'18 184 8% Aug'17 171 8% Aug'16 19 9% 2 2 1 1 Residential Unit Sales 21 216 217 218 Absorption Rate in Weeks Absorption Rate Definition: The number of weeks it takes to sell the current inventory at the present rate of sales OR Total Active Listings ((Units sold last month * 12 months) / 2 weeks) 8. 6. 4. 2.. Days on the market Days on the market are trending upwards; however, the days on the market value is still low. Avg Days on Market Aug'18 138-3% Aug'17 142-28% Aug'16 197 4% 3 2 2 1 1 Average Days on Market 21 216 217 218
Lots / Land Sales Sales are definitely trending downward; however, the total volume sold is up by 21%. Lots / Land Sales Aug'18 31-16% Aug'17 37 9% Aug'16 327 1% Lots / Land Lot / Land Sales 8 6 4 2 21 216 217 218 Land - Median Sale Price Average / Median Sale Price Although sales are down, the average sale price is up by 36% and the median sale price is up by 27%. Lots / Land Median Price Aug'18 $93, 13% Aug'17 $82,9 11% Aug'16 $7, 4% $1, $1, $, $ 4 2 21 216 217 218 Land - Average Sale Price 1 2 3 4 6 7 8 9 1 11 12 13 Series1 Series2 Series3 Series4
Distressed Property Distressed Inventory Inventory Distressed Sale Inventory Aug '18 26 13% Aug '17 23-6% Aug '16 7-11% 12 1 8 6 4 2 21 216 217 218 Distressed Sales Distressed Sale Aug '18 11 12% Aug '17-44% Aug '16 9-18% 2 2 1 1 Distressed Sales 21 216 217 218 Foreclosures Foreclosure Sales Aug '18 6-2% Aug '17 8-33% Aug '16 12 9% 2 18 16 14 12 1 8 6 4 2 Dare County Foreclosures 21 216 217 218
May 218 New Construction Building Permit Value KDH - UnIncorporated - 18 Roanoke Island -18 Hatteras Island -18 Duck - 18 Kitty Hawk-18 Kill Devil Hills -18 Nags Head-18 Southern Shores-18 Manteo - 18 $ $2,, $4,, $6,, $8,, $1,, 218 Number of Building Permits 2 4 6 8 1 12 14 16 18 218 Total 217 Total Kill Devil Hills - 18 Kill Devil Hills - 17 KDH - UnIncorporated - 18 KDH - UnIncorporated -17 Roanoke Island - 18 Roanoke Island -17 Hatteras Island - 18 Hatteras Island - 17 Southern Shores - 18 Southern Shores - 17 Nags Head - 18 Nags Head - 17 Kitty Hawk - 18 Kitty Hawk - 17 Duck -18 Duck - 17 Manteo-18 Manteo-17 28 2 22 21 16 18 18 12 16 18 11 17 11 4 8 3 7 3 137 13
Units Sold Outer Banks Towns / Areas Corolla 218 163-6% 217 174 12% 216 1 3% 218 $12, 7% 217 $477, 12% 216 $42, -14% 3 3 2 2 1 1 Town of Duck 218 8-12% 217 91 4% 216 6-4% 218 $, 8% 217 $466, -2% 216 $477, 8% 2 2 1 1
Units Sold Town of Southern Shores 218 63 9% 217 8 21% 216 48-2% 218 $41, -2% 217 $42, -1% 216 $422, 17% 2 2 1 1 Town of Kitty Hawk 218 78 22% 217 64 7% 216 6-17% 218 $34, 1% 217 $31, 2% 216 $3, -1% 2 1 1
Units Sold Colington 218 91 8% 217 84 17% 216 72-6% 218 $27, 8% 217 $2, 9% 216 $234, -2% 2 2 1 1 Town of Kill Devil Hills 218 212 8% 217 197 4% 216 189-2% 218 $28, 2% 217 $27, 2% 216 $268, 14% 4 3 3 2 2 1 1
Units Sold Town of Nags Head 218 146-8% 217 18 21% 216 131 2% 218 $382,4 % 217 $384, 1% 216 $382, % 3 3 2 2 1 1 Hatteras Island 218 13-1% 217 181 8% 216 167 12% 218 $3, % 217 $3, 13% 216 $271, 3% 4 3 3 2 2 1 1
Units Sold Roanoke Island 218 79-12% 217 9-1% 216 16 63% 218 $28, -1% 217 $283,3 7% 216 $26, 8% 2 2 1 1 Currituck Mainland 218 96-23% 217 12 13% 216 111-1% 218 $249,9 4% 217 $239,9 1% 216 $238, 8% 3 2 2 1 1
Ocracoke Island 218 1-47% 217 19 73% 216 11 83% 218 $268,7-13% 217 $31, -1% 216 $312,812 14%