June by the Numbers

June closed with 161 sales, nearly identical to May in both volume and year-over-year performance. That's not a slowdown; it's a market that has found a rhythm and is holding it through the heart of the summer season.

Homes are also moving a little …

Nothing tells the story of a market better or more accurately than inventory.  This goes back to the basic principle of supply and demand.  Inventory levels, or absorption rate, predict the health of a market by comparing what’s on the market, what’s selling, and how long it would …

February MLS Fun Facts

• 204 properties were listed, compared to 214 the previous month.
• As of today, 52 of those 204 properties are either under contract (50) or sold (2).
• 123 properties went under contract in February, slightly below the 130 that went under contract in January.
• On average, properties …

Absorption rate is a key real estate metric that shows how quickly available homes are selling in a specific market.
It’s calculated by taking the number of homes sold and comparing it to the total number of homes currently for sale.

How to use the number:

• 0–3 months → 🔥 …

Real estate markets across the country are definitely starting to crack. The northeast is really the last holdout and there are signs of a beginning surge in inventory there. With slowing activity and rising inventory, it looks like the OBX could enter a buyers market by the second quarter of …

Now that we have almost three quarters to look at, let’s check in on how the market is
performing.

• Overall – Residential Inventory is up 12% from last year
• Sales for residential homes remain unchanged
• Median Sales price for residential homes also remains the same

This means inventory has …

We want to list our home,
but what if we get a lowball offer?

This is a common question I get, especially in a market like today.  For the first time in many years, last week we clocked in MORE price reductions than new listings in a month.  …

This just in: April CPI clocked in at 3.8%, the hottest reading in three years, and the 2026 rate-cut party everyone RSVP'd to in January has officially been canceled.

Quick primer: CPI (Consumer Price Index) is the government's monthly measure of how much more expensive …

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