Understanding the local real estate market helps you make the best decision if you are considering buying a beach house or selling a property you already own, here in Oak Island, North Carolina. In this video Brian Inskip, with Surf Homes NC, will share the most up to date local real estate statistics, trends and projections driving the Oak Island Real Estate market right now. You will learn about everything from Home Values and trends to current buyer demand and home sales time frame averages. While home values on Oak Island have experienced a slower growth rate and effectively flatlined throughout 2023 the average sales price remains at an all time high! 2023 has also seen a steady trend of a decreased inventory of homes for sale and fewer new listings and pending sales reaching near its lowest levels in recent years. Rising interest rates have certainly had an impact in the market, most notably curbing demand and increasing the average amount of time it takes for a home to sell. Price reductions have become more common and sellers are showing more willingness to negoatiate than they have in recent years. For an in depth overview of these and other trends watch the video and stay informed about the Oak Island, NC real estate market.
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You can also browse the homes for sale on Oak Island right now with all the latest listings below: