Market Report

2023 OUTER BANKS MARKET REPORT

As of January 8th, 2024, there were 830 active listings in Dare and Currituck counties, which is 7% less than a year ago (888 active listings as of January 6th, 2023). With growing interest rates (+1.00%) and a smaller number of homes (-33%), condos/townhouses (-8%) and vacant land (-27%) sold in 2023, the inventory remained low and helped sellers to continue taking advantage of the real estate market...

2022 OUTER BANKS MARKET REPORT

Despite the significant interest rate increase in 2022 (+4.25%), Outer Banks still remained a SELLERS market. Even with fewer residential properties sold (28% fewer homes and 16% fewer condos), the demand remained strong and drove the sales price up to 16% higher over the previous year. It took only about a month for a single-family home, condo, or townhouse to go under contract last year! Meanwhile,...

2021 OUTER BANKS MARKET REPORT

In 2021 Outer Banks remained a STRONG SELLERS MARKET. Properties were literally flying off the shelves, particularly single family homes and condos, which were going under contract in less than 6 weeks (and some in just a few days, or even hours). Remember, we were talking about the inventory being very low about a year ago (1159 active listings as of January 5th, 2021)? Obviously now, that number was...

2018 OBX MARKET REPORT

Dare & Currituck County Overall, 2018 was a good year for Outer Banks real estate market.  Sales volume for both single-family homes and condos/townhouses increased (+5%). The average sales price for single-family homes ($450,204) increased by 8%, and the median sales price increased by 5% reaching $350,000 in 2018. Despite the increase in both sales volume  (+5%) and units...

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