Soundfrontsobx.com – OBX Market Report (May 2025)
Soundfrontsobx.com OBX Market
Report – May 2025
• This report is provided to you by Rick Kinne (REALTOR) with Keller Williams Outer Banks in Southern Shores, North Carolina. My Outer Banks real estate market report is a monthly feature for my soundfronts OBX Facebook page and soundfrontsobx.com website, intended to keep you informed of the local real estate market.
• Before we get started, I need to preface the report with some stipulations and provide some context: The Outer Banks Association of Realtor’s disclosure is printed on all of OBAR’s statistical reports and reads as follows:
“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.”
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. Based on information from the Outer Banks Association of REALTORS® for the period (6/1/2024) through (5/31/2025)
Soundfrontsobx.com OBX Market
Report – May 2025
• Clearly, sales take place through For Sale By Owner (FSBO’s), Real Estate Agents who are not Realtors and therefore don ’t have MLS access, etc. However, I don ’t believe that amount is significant.
• The Outer Banks market covered by OBAR is a bit unique. It’s a mixed market but it’s primarily a vacation/rental home market. Coverage stretches from lower Currituck County and the Dare County mainland, all along the beaches from Carova through Ocracoke. However, increasingly, we are seeing more properties within our MLS from outside of the core Outer Banks as agents expand the markets they work in and agents from outside of the local area also work here. 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. Based on information from the Outer Banks Association of REALTORS® for the period (6/1/2024) through (5/31/2025)
Executive Summary
Summary
• Sales continue to be deterred by high interest rates as well as higher prices
• Unit sales and sales volume are down over this time last year for both Residential and Land
• The overall median price is up for Residential and down for Land
• Under Contract listings are up for Residential and down for Land
• Average Days on Market (DOM) is up
• Inventory is up for Residential and down for Land
• The overall absorption rate is up for both Residential and Land
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. Based on information from the Outer Banks Association of REALTORS® for the period (6/1/2024) through (5/31/2025)
Residential Market Snapshot for May 2025 YTD
Land Market Snapshot for May 2025 YTD
May 2025 Statistics By Town …
It’s always a good time to strategize and plan! Please feel free to call me to begin that process or to just talk about a specific market.