The Outer Banks real estate market over the summer of 2025 has continued the downward trend from 2024. Sales have been sluggish, with average days on market for sold properties increasing to 72 days, while active listings are averaging 126 days on the market. Prices are trending down slightly, with the current average sold price in 2025 at $810,743 compared to $841,495 at the same time in 2024. Currently, there are 516 active listings with 179 under contract, with an average list price of $1,038,206 and an under-contract price of $858,228.
As we approach the fall selling season, the second busiest time of the year for sales, mortgage rates continue to keep buyers on the sidelines. However, there is light at the end of the tunnel as rates have dropped to the lowest levels since October 2024. With rates finally coming down and the Federal Reserve poised to drop the federal funds rate, this could help mortgage rates improve further, setting the stage for buyers who have been on the sidelines to return.
The big question remains: will prices continue to face downward pressure as more inventory hits the market, or will strong buyer demand once again push prices upward? It remains to be seen what rates buyers are waiting for – 6% or below? It’s all about timing and how many buyers come back to the market.
Time to start your search?
Schedule a time to see the options firsthand and find your ideal home or rental property. Can’t make the trip down just yet? Stay up to date with the Outer Banks real estate market by signing up for a Listing Manager account or receiving Market Reports. These tools will keep you informed on market trends and help you refine your search.
For a personalized touch, share your search criteria, and I’ll create an automatic email search tailored to your preferences.
Want to Sell Your Outer Banks Property
If you’re considering selling your house—or know someone who might—Discover your property’s value today with a *Free Home Valuation* to help set the right price and attract more interest from serious buyers. Overpricing may deter potential buyers, leading to extended market time and possibly affecting the final sale price.
Trust a Proven Realtor with Your Outer Banks Real Estate Needs
With over two decades of experience, Matt ranks in the top 7% of all Outer Banks Realtors for total sales volume and the number of houses sold since 2003. His expertise and dedication make the selling process smooth and successful.
Ready to take the next step? Contact Matt today and start your journey toward selling—or buying—your dream Outer Banks property. Is there something you want to see added to the monthly real report?? Different stats? More info about the OBX? Anything? Let me know I will be happy to try and add it to next month’s report.
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