| OBX MARKET 2024: July was wet on the Outer Banks, with rainfall totals exceeding 12 inches! Tropical system Debby is heading our way in the coming days, so it doesn’t look like we are going to get much of a break on the rain front. Luckily for visitors, there is still a lots to do on the Outer Banks even in rainy weather. Be sure to take a look at our link to events below. Proponents of the Mid Currituck Bridge got some exciting news in July with the announcement that Currituck County will start taking bids for the project next year. Construction could begin in 2026! Take a look at the full article from The Outer Banks Voice: |
| In real estate news, July was a slower month for sales. Historically, July and August have been slower months for sales activity. I expect an uptick in activity soon, with the expectation that mortgage rates will be heading down. We are seeing a slight decrease of around half a point so far and are hopeful to see more in the coming months. Overall, inventory is still low, although it varies town by town. You will notice that days on the market have increased slightly along with a bit of a dip in the sold prices. |