The latest OBX Real Estate Stats: With two months down in 2025 the Outer Banks real estate market has settled into a moderately slow pace for sales. The market is still feeling the effects of high interest rates as many buyers are still on the sidelines. As we move into the peak selling season (March-May) for the Outer Banks market, inventory is starting to increase as houses sit on the market longer. This is good news for buyers as we are starting to see more price reductions and negotiations taking place. While the average sold price in 2024 increased 2.5%, since June it’s been decreasing each month. January has continued that trend with prices starting off 6% below 2024. However, the month of February reversed the trend as prices managed to go just a hair from January. For now, it looks like we may have reached the peak of the market on the Outer Banks and time will tell if this is temporary or the beginning of a downward trend.
This is a great time to come down to the Outer Banks to look at houses and the perfect time to buy. If you are looking for a rental property buying now before the rental season starts gets you approx. 100% of the 2025 rental income and only 7-9 months of expenses. By doing this sets up a cash flow that can be really attractive to start your OBX investment. Let me know if want to schedule a time to view houses. Not ready to make the trip down, sign up for a Listing Manageraccount or for Market Reports to stay up to date on the Outer Banks real estate market. You can also send me your search criteria and I will set up an auto email search for you.
If you have a house to sell or know anyone that wants to sell, the next 3 months is the best time of year to sell before the rental season starts. With more inventory coming on the market and fewer buyers pricing your property correctly is vital. Overpricing can lead to lost buyers and extended time on the market. Find out what your property is worth with a Free Home Valuation.
Since 2003 Matt ranks in the top 7% of all Realtors on the Outer Banks in total sales volume and number of houses sold. Contact Matt today to get the process started to find your Outer Banks property.
February MLS Stats
Total Listings 171
Total Sales 75
Total Active Listings 529
Avg List Price $843,261
Avg Sold Price $817,894
Avg Days on Market 68
For February avg days on market increased by 3 days and avg sold/list price increased compared to January
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 2025 from Corolla to Hatteras for single family homes, condo, townhomes only.
A big part of buying Property on the Outer Banks is finding the right lender and getting pre-qualified. Below are two local lenders that you can contact to get the mortgage process started.
Kelly Tolson-Arbor Home Loans Mortgage Loan Originator, NMLS# 664230 Kill Devil Hills, NC 27948
Phone: (252) 364-3712
Email: ktolson@arborhl.com
The results of Dare County’s 2025 countywide revaluationwere delivered to the Dare County Board of Commissioners by County Assessor Hosea Wilson during the board’s regularly scheduled monthly meeting on Monday, March 3, 2025.
LivefromOBX summer concert series has announced the first shows of the summer. Held at Roanoke Island Festival Park. Enjoy a great night of music in a beautiful setting.
