Outer Banks Real Estate Market August 2020

Outer Banks Real Estate Market August 2020

The Outer Banks real estate market is still sizzling! We have low inventory and activity hasn't been this good since 2005. 

- Under contract listings are up 127% over August 2019. There is 989 homes under contract. 

- Available inventory is down 52% with only 723 units available for sale. Lower inventory should continue to support rising prices. 

- Lot/land inventory is down 22% with 664 available for sale.

- Foreclosures - there is only 10 distressed properties for sale. This is down 50% from last August.

- Building permits is up 29% from last year. 

Here are the median sales prices for selected towns on the OBX:

Corolla - $496,000

Duck - $437,000 

Southern Shores - $472,500

Kitty Hawk - $369,000 

Kill Devil Hills - $325,000

Colington - $295,000 

Nags Head - $441,000

All Hatteras - $350,000 

Roanoke Island - $327,500

Currituck Mainland - $268,000 

Ocracoke Island - $312,500 

Based on information from the Outer Banks Association of REALTORS® MLS. Information contained herein is deemed reliable but not guaranteed and may not reflect all real estate activity in the market. Opinions expressed are solely my own and do not express the views or opinions of my firm.

Steven Donald Headshot
Phone: 252-489-0982
Dated: September 17th 2020
Views: 207
About Steven: Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty ...

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at the beach realty llc
4802 Palmer Drive
kitty hawk, NC