Current Market Commentary September 2017: 

The Outer Banks real estate market is really hot right now!! For the 2nd consecutive year a new record was set for the number of closed sales (single family, condo's, and townhouses) on the Outer Banks with total sales up 4.5% in 2016 from  2015. In 2017 the average sale price is up 5% and total sales up 19% from 2016. The avearage days on market for houses listed is the lowest its been since 2007!! Inventory is very, very low and good houses new to the market are selling in 30 to 60 days. For the last 3 years, new construction in all price ranges has been exploding and there are no signs of a slowdown. Right now the average sold price is the highest its been in 8 years.  Mortgage rates contiune to hold steady with 30yr Fixed rates under 4%. The fall selling season is upon us and the market remains hot. This year will be another record year for number of sales along with the biggest bump in appreciation we have seen in years.   

 

Now is the time to get the process started and schedule a trip to look at houses. For 14 years, I have been working with buyers and sellers from Corolla to Hatteras. I am available 7 days a week to answer any questions you have about the buying process from the initial steps of what to expect, getting pre-qualified, to showing you houses, to the closing process. I can be reached at 252-480-9283 or matt@obxrealtygroup.com 

 

Disclaimer: This representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service.  Information contained herein is deemed reliable but not guaranteed.  Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market. Data provided from 2003 to 2017


Outer Banks Real Estate Statistics


For those of you that love numbers this page on the website is dedicated to you!!
Check back each month for the latest stats on the Outer Banks Real Estate Market.
Due to recent additions of areas outside of the Outer Banks being added to the 
OBAR MLS the information below has been adjusted to reflect only data from
the Outer Banks. The areas reflected in the numbers include the towns of Corolla,
Duck, Southern Shores, Kitty Hawk, Kill Devil Hills, Nags Head, Pirates Cove,
Rodanthe, Waves, Salvo, Avon, Buxton, Frisco, and Hatteras. The stats are for
residential properties including condo's and townhomes.Land and Commercial are not included.   

 

Sold Listings 01/01/2017 to 9/30/2017

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1191 168 $343,000  $423,789 $2,900,000 $42,000

 

Sold Listings 01/01/2016 to 12/31/2016

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1415 210 $325,000  $403,155 $2,825,000 $62,000

 

Sold Listings 01/01/2015 to 12/31/2015

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1350 225 $325,000  $412,791 $4.900,000 $30,500

 

Sold Listings 01/01/2014 to 12/31/2014

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1194 218 $319,500  $420,884 $5,000,000 $54,900

 

Sold Listings 01/01/2013 to 12/31/2013

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1163 236 $321,000  $402,890 $3,175,000 $23,000

 

Sold Listings 01/01/2012 to 12/31/2012

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1209 230 $330,000  $420,245 $3,750,000 $55,000 

 

Sold Listings 01/01/2011 to 12/31/2011

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1075 238 $315,000  $411,915 $2,820,000  $32,000 

 

Sold Listings 01/01/2010 to 12/31/2010

# of Sold  Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1108 217 $335,000 $407,068 $3,650,000 $49,000

 

Sold Listings 01/01/2009 to 12/31/2009
 

# of Sold  Listings Avg Days On Market Median Price Avg Price Max Price Min Price
874 208 $340,000 $426,875 $3,100,000 $77,500


 Sold Listings 01/01/2008 to 12/31/2008
 

 # of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
802 210 $385,000 $483,712 $3,675,000 $92,450

 

Sold Listings 01/01/2007 to 12/31/2007
 

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
958 192 $405,00 $527,007 $4,500,000 $115,000

 

 

Sold Listings -1/01/2006 to 12/31/2006
 

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
982 163 $434,000 $556,090 $3,940,000 $129,000
 
 

Disclaimer: This representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service.  Information contained herein is deemed reliable but not guaranteed.  Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market. Data provided from 2003 to 2017