Jeff Scott, Scott Team Realty:
Outer Banks Real Estate Market Update
The Outer Banks real estate market experienced some notable shifts in the first quarter of 2025. According to the Outer Banks Realtor’s Multiple Listing Service (MLS), residential sales dropped by 3% compared to the same period in 2024. Meanwhile, the number of properties listed in the MLS increased by over 20%.
One factor contributing to this decline in sales could be the harsh winter weather. Out-of-town buyers are less likely to visit the beach when icy conditions are in the forecast. But did these trends lead to lower property values? The answer isn’t straightforward, as no two homes are exactly alike.
Two key metrics often used to assess property values are average sales price and median sales price. While the average sales price dipped by 2.7%, the median sales price rose by approximately 13%. With these indicators pointing in opposite directions, it’s more effective to analyze specific market segments to get a clearer picture of property values in your area of interest.
Historically, inventory levels remain well below pre-pandemic standards, which might explain some of the mixed trends we’re seeing. If you’re looking for a professional opinion on the value of an Outer Banks property, the team at Scott Team Realty is here to help.
Featured Listing: 121 Martin Lane, Lot 250, Duck, NC