Why Now is the Perfect Time to Sell Your Oak Island Home! š“š
If you're considering selling your home on Oak Island, the market trends from late 2024 to early 2025 reveal exciting opportunities. Letās dive into the key statistics that make this an ideal time to list your property.
Vibrant Market Activity and Buyer Demand š
The Oak Island real estate market is bustling, making it a favorable environment for sellers. Hereās a look at the latest trends:
Competitive Pricing and Sales Performance š°
Average and Median List Prices: In January 2025, the average list price was $865,517, with a median of $729,000. These figures underscore a competitive market where sellers can achieve attractive pricing.
Sold Prices: Homes sold for an average of $663,696, with a median sale price of $545,250, reflecting strong buyer demand and the potential for sellers to secure great deals.
Strong Sale Price RatiosĀ ā°
Sale to Original List Price Ratio:Ā In January, homes sold for 94.3% of their original list price.
Sale to List Price Ratio:Ā With a ratio of 95.9%, sellers are achieving nearly their full asking price, indicating strong buyer commitment.
Active Listings: January 2025 saw 141 active listings, up from 109 in December 2024, highlighting a vibrant market with plenty of buyer interest.
New Listings: With 60 new listings in January, the market remains dynamic, offering fresh opportunities for sellers to attract eager buyers.
Quick Sales and Strong Sale Price RatiosĀ ā°
Days on Market: The average days on market in January was 67, with a median of 27, showing a healthy pace of sales.
Healthy Inventory LevelsĀ š
Months of Inventory: January had 5.04 months of inventory, suggesting a balanced market with healthy demand.
Sales Volume and Market DynamicsĀ š¼
Sales Volume: January recorded an active volume of $122,037,919, with a sold volume of $18,583,500, showcasing the market's strength and the potential for sellers to capitalize on high buyer interest.
Why List Your Home Now? š”
With competitive pricing, strong sale price ratios, and a vibrant market, now is an excellent time to list your Oak Island home. These trends indicate a market where sellers can confidently expect to attract serious buyers and achieve favorable sales outcomes.
Ready to Make Your Move? š
If you're ready to explore the possibilities of selling your Oak Island property, our team is here to guide you through the process. We specialize in ensuring a smooth and rewarding selling experience, helping you maximize your return on investment.
Contact us today to discuss how we can help you achieve your real estate goals. Your dream sale is just a call away! š
Download the Full Oak Island Residential Market Summary for January 2025
Information is deemed to be reliable, but is not guaranteed. Data may have come from public tax records. Ā© 2025 MLS and FBS. Prepared by Samantha A Talbott Monday, February 3, 2025 9:41 AM.
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