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 January to February 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:
February's active average list price was $882,084, with a median of $749,000.
New listings in February averaged $862,162, with a median of $799,900, reflecting strong pricing trends.
Sold Prices:
Homes sold in February averaged $886,444, with a median sale price of $695,000āshowcasing strong buyer demand and the potential for sellers to secure excellent deals.
Strong Sale Price RatiosĀ ā°
Sale to Original List Price Ratio:Ā February homes sold for 93.9% of their original list price.
Sale to List Price Ratio: Sellers achieved 96.1% of their asking price in February, indicating strong buyer commitment and competitive offers.
Active and New Listings
Active Listings: February 2025 saw 167 active listings, up from 128 in January, highlighting a growing inventory to meet buyer demand.
New Listings: February welcomed 69 new listings, an increase from 56 in January, offering fresh opportunities for sellers to attract eager buyers.
Quick Sales and Strong Sale Price RatiosĀ ā°
Days on Market: February homes sold for 93.9% of their original list price.
Sale to List Price Ratio: Sellers achieved 96.1% of their asking price in February, indicating strong buyer commitment and competitive offers.
Healthy Inventory LevelsĀ š
Months of Inventory: February's inventory supply was 4.07 months, slightly down from 4.74 months in January, reflecting a balanced market with healthy demand.
Sales Volume and Market DynamicsĀ š¼
Sales Volume: February's sold volume reached $38,226,689 (list) and $36,344,195 (sale), a significant increase from Januaryās $17,859,949 (list) and $17,258,500 (sale). This growth reflects strong market momentum.
Why List Your Home Now? š”
With rising active and new listings, competitive pricing, and strong buyer interest, now is an excellent time to list your Oak Island Beach home. These trends indicate a market where sellers can confidently 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, March 3, 2025 9:27 AM.
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