OAK ISLAND, NC - October '23 Real Estate Market Update

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OAK ISLAND, NC – October ’23 Real Estate Market Update

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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.

I post these market updates every month and would like to invite you to follow along!  

Be sure to subscribe to this BLOG or my YouTube Channel to get notified of new market updates and a variety of other fun videos covering all things Coastal North Carolina Real Estate and lifestyle. 

This site is the best local resource to search Homes for sale in Oak Island and along the North Carolina Coast and to learn about the communities, lifestyle and areas.

If you are considering buying or selling real estate on Oak Island or Coastal North Carolina, I’d love to help you get a game plan together and accomplish your goals. 

If you are considering selling your property and are curious about what it is worth in the current market you can check out our SELLER RESOURCE page Home Valuation tool or reach out to me directly with my information below.

You can reach me, Brian Inskip, anytime to get a conversation started… just call/text me at 910-622-4576 or shoot me an email at Brian@SurfHOmesNC.com.

You can also browse the homes for sale on Oak Island right now with all the latest listings below:

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