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Hi Folks,

The market continues a little upbeat here in the Outer Banks with a few more folks throwing themselves into things.  Still heavy percentage of cash buyers, but loans seem to be available for buyer's with great credit and reserves.

Of the 1879 homes on the market in January, 86 went to closing. Price sold averages in the 92-93% of the asking price - closer now because prices have already come down on most of the sold homes and the sellers are finally admitting that their places are no longer worth as much as they thought. Average Days on the market are 275, but desirable listings priced right can go in just a few days.

As always, let me know if I can help in any way and contact me with questions.

Stay warm and dry!

Carol