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Hi Everyone,

Here's a little update on the sales market here and nationally.

Nationally, home sales were up 2.9% in April, especially lower priced homes. 45% of the sales were distressed homes( foreclosures and short sales). The median sales price nationally was 169,000.which is about 15% lower than last year in April.

Here in the OBX, the median sales price in April was 292,500 with 180 sales since April 1st. Over half of these were under 300,000 with all but 10 sales under 700,000.  Sales appear to be picking up at the lower end and increasing at the mid level range - still slow at the upper ranges.

Average interest rates for a 30 year fixed were in the 4.8 range with many loans for less.

Whether you already are a proud OBX owner or are considering it for the future, let me know if you need any specific info or the names of some reputable lenders here with great rates - I would love to help in any way possible.

Carol