NAGS HEAD, NC (AP) — Home sales on North Carolina’s Outer Banks are booming in the wake of the coronavirus pandemic and low-interest rates.
The Virginian-Pilot reported Wednesday that homes and lot sales from Corolla to Ocracoke reached $1.18 billion through October. That’s the most since the all-time record of $1.5 billion set in 2005.
Dan Sutherland, director of multiple listing services for the Outer Banks Association of Realtors, said that sales will likely pass $1.6 billion and set a new record.
Tourists have flocked to the Outer Banks for its lack of density and open spaces.