Outer Banks Real Estate Market September 2019

Dated: 10/16/2019

Views: 231

Under Contract listings, up 17%, are still at their highest since September 2017 which again looks good for closings in October.  While YTD Condominium & Lot/Land sales are down compared to January-September 2018, sales in general are up 3% with Residential sales up 5%.  More specifically--Single-Family Detached sales are up 7%. 

Overall, inventory is up with Commercial properties having the highest percentage at 17%. Lots/Land inventory is up for the third month in a row at 12%.  This may indicate a great time to build! However, Residential inventory is down 2% which still indicates that it may be harder to to buy a a house now. 

Despite Hurricane Dorian, Residential unit sales were up 80% in Ocracoke which is good news.  Currituck Mainland also saw a 24% increase in sales compared to January-September 2018 with the median price of a Residential home jumping 9% to $265,500. 

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

Corolla - $490,000 

Duck - $473,000 

Southern Shores - $463,000

Kitty Hawk - $351,250 

Kill Devil Hills - $282,200 

Colington - $276,750 

Nags Head - $390,000 

All Hatteras - $330,000 


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.

Blog author image

Steven Donald

Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty Hawk, North Carolina with over 22 years’ experience selling Outer Banks real estate. We are member....

Latest Blog Posts

Outer Banks Real Estate Market September 2019

Under Contract listings, up 17%, are still at their highest since September 2017 which again looks good for closings in October.  While YTD Condominium & Lot/Land sales are down compared to

Read More

Outer Banks Real Estate Market Statistics August 2019

• Sales - Sales of all classes are up 4% for the year and August sales were at a record level not seen since August 2005.• Residential Sales - Residential sales are up 5% and should continue

Read More

Outer Banks Real Estate Market Update July 2019

The Outer Banks had the highest number of listings under contract since the MLS started tracking this data in September 2013 - 454 listings. This is up 7% over July 2018. Expect a record number of

Read More

Outer Banks Real Estate Market June 2019

Overall, inventory is up 12% with residential inventory up 7%.  Residential sales peaked in May and have started their seasonal decline.  Lots / land inventory up 22% and commercial

Read More