| As we close the first quarter of 2025, the Outer Banks real estate market remains at a moderately slow pace for sales. High interest rates continue to sideline many buyers, creating a ripple effect on the housing market dynamics. However, the shifting tide brings positive news for buyers, as inventory is on the rise with houses lingering longer on the market.
The increasing inventory has paved the way for price reductions and greater opportunities for negotiation, offering a promising outlook for buyers ready to make their move. Although the average sold price in 2024 climbed by 2.5%, a downward trend emerged in June 2024, with monthly price declines persisting into the first quarter of 2025. Current prices are now approximately 3% below their 2024 benchmarks.
Accompanying this trend, the average days on market have reached a five-year high, reflecting slowed sales and more available properties. At this juncture, market watchers are contemplating whether the Outer Banks has reached its peak or if this marks the beginning of a longer-term downturn.
For buyers, now may be the ideal time to explore the market, while sellers should leverage the peak selling season (March through May) by pricing competitively to attract interest in a crowded market. The coming months will likely reveal whether this balance shifts further, making it essential to stay updated on trends and data as they evolve.
Now is the Perfect Time to Invest in Outer Banks Real Estate
Spring is in the air, and there’s no better time to visit to explore properties and secure your dream investment. With the rental season heating up, buying now offers significant benefits for those looking for an investment property. Acting fast means you could capture approximately 80-90% of the 2025 rental income while covering only 8-9 months of expenses—a setup that makes for an attractive cash flow opportunity to kickstart or expand your investment portfolio.
Ready to view properties? Schedule a time to see the options firsthand and find your ideal home or rental property. Can’t make the trip down just yet? Stay up to date with the Outer Banks real estate market by signing up for a Listing Manager account or receiving Market Reports. These tools will keep you informed on market trends and help you refine your search.
For a personalized touch, share your search criteria, and I’ll create an automatic email search tailored to your preferences.
Why Spring is the Perfect Time to Sell Your Outer Banks Property
If you’re considering selling your house—or know someone who might—the next three months offer the prime opportunity to list your property and take advantage of the rental season. Spring marks the peak selling season, but with more inventory hitting the market and fewer buyers in play, correctly pricing your home is more important than ever. Overpricing may deter potential buyers, leading to extended market time and possibly affecting the final sale price.
Discover your property’s value today with a *Free Home Valuation* to help set the right price and attract more interest from serious buyers.
Trust a Proven Realtor with Your Outer Banks Real Estate Needs
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 finding—your dream Outer Banks property. |
