Outer Banks Real Estate Market Report

Sept. 10, 2009 - PRLog -- We are experiencing the downturn in the Outer Banks real estate market just like the rest of the country. Even though our market has not crashed as hard and as deep as some other areas of the country the real estate market on the Outer Banks is feeling the pinch of recession and prices have fallen back to where they were in 2002-2003.

One of the results of the downturn is the amount of inventory available. As of this writing there are 4,134 different pieces of Outer Banks real estate for sale with the Outer Banks Association of Realtors MLS system spread out from Corolla to Ocracoke Island.

This overabundance of available properties means the sellers are more cooperative than they were during the boom years. There was a time when the sellers would not fix anything. Now, sellers are more willing to fix the things found on the home inspection report.

For a buyer this means there is no rush to make your decision. It is easy to find two or three properties which fill all of your requirements and would make a comfortable purchase. Now you have the time to do the research necessary to make an educated decision. You can take your time to search all Outer Banks real estate for sale http://www.outerbankshome.com from the comfort of your home. Everything for sale is listed along with street maps and satellite views of the properties and neighborhoods.

Or call 800-647-1868 for a list of everything for sale, with street addresses, per your guidelines. You can drive around and start to learn the different areas and see what you can get for your money.

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Helping people buy and sell Outer Banks real estate http://www.outerbankshome.com from Corolla to Hatteras Island including Nags Head, Kitty Hawk, Duck, Southern Shores, kill Devil Hills, Colington, Manteo and everywhere in between. For help call Shore Realty at 800-647-1868