OBX Connection Home > OBX Connection Forum > OK Realtors,a question.......
OK Realtors,a question.......

By: Fishinbum
8/18/2016 9:14 AM

Why do vacant lots continue to sell at depressed levels?I have been tracking OBX real estate since 2001.Lot inventory is at the lowest level I've ever seen in the westside areas of KDH,Nags Head and Kitty Hawk.Realtors continue to price lots at or near levels seen at the bottom of the housing market and many of them are placed under contract in a matter of days.Low supply and high demand typically drives prices higher,but it's not happening.......My question is why?


By: Fortyfish
8/18/2016 1:14 PM

It's like Las Vegas, they're betting on the come.