🏖️ Outer Banks Real Estate Weekly Recap: September 28-Oct 5, 2025

The Outer Banks real estate market continues to hold steady this week. Mortgage rates crept back up ever so slightly, but buyers are coming back into the market. From Corolla to Hatteras, activity is on the rise. As we get through October, we should get a better idea on where the market is headed for the end of 2025.

As we are now into the fall selling season overall showings on listings are just slightly under 2024 pace. More sellers are adjusting their price, signaling a shift toward more competitive listings. With the changing market conditions there has been an increase in OBX Realty Group website traffic and inquiries from buyers looking information on listings.

📊 Weekly Market Snapshot

Total
New Listings 41
Back on Market 12
Expired Listings 29
Price Reductions 77
Properties Sold 34
Total Under Contract 179
  • Average List Price (Sold): $826,883
  • Average Sold Price: $802,063
  • Price-to-Sold Ratio: 97%
  • Average List Price (New): $1,021,563

💰 Market Spotlight

This week brought a healthy wave of new listings to the market—right on cue for this time of year as the rental season begins to taper off. The increase in inventory is a win for buyers, offering more options and breathing room in their search. For sellers, it signals a shift toward a more competitive landscape, where strategic pricing and presentation become key.

📉 Mortgage Rates & Market Momentum

“With 2nd home rates settling into the mid to upper 6% range, we’re seeing a more buyers emerge. It’s not just about affordability—it’s about timing. People are realizing that waiting could mean missing out on the right property” says Matt Huband, Broker/Owner of OBX Realty Group.

🏡 What This Means for Buyers & Sellers

  • Buyers: Now’s the time to act before competition heats up. Look for price-reduced properties and elevated lots with strong rental potential.
  • Sellers: Keep up to date on how your property is priced in the market.

📬 Stay Connected

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 weekly real report?? Different stats? More info about the OBX? Anything? Let me know I will be happy to try and add it to next week’s report.