This market report covers the areas from Corolla to Hatteras Island and is for the period January 2012 - April 2012.
Real estate transactions slowed a bit in April, compared to the prior month but still above the pace of the prior year. Through April 30th, 405 properties were sold, including 12 commerical properties and 111 lots/land. This is an increase from the prior year of nearly 13%! Additionally, the number of properties that went under contract have increased 3 months in a row, with 168 properties going under contract in April. And with mortgage rates once again at record lows, May should prove to be a strong month as well.