Homes sales soar on North Carolina’s Outer Banks

Homes in the Outer Banks (Photo: WNCT)

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.

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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.