Outer Banks Real Estate Market Report - June 2024

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2024 Second Quarter Statical Report

This month the MLS has decided to take a different look at the MLS data.

• Residential Median Sales Price was at a record high in 2023 Qtr 4. 2024 Qtr 2 was also approaching this record high

• Total inventory is recovering. When compared with 2023, residential inventory is up 62%, Lots/Land inventory is up 22% and total inventory is up by 43%.

$600,000

$500,000

$400,000

$100,000 $200,000 $300,000

$0

Data Obtained: July 8, 2024

Note: This report reflects corrections / updates to previous data

Residential - Average vs Median Price

Residential - Inventory vs Sales

Total Number of Listings Sold

Residential

Lots / Land

Distressed Sales

Distressed Inventory

Building Permits 2023 vs 2024

- 24

Hills - 23

KDH - UnIncorporated -24

KDH - UnIncorporated - 23

Roanoke Island -24

Roanoke Island - 23

Hatteras Island - 24

Hatteras Island - 23

Southern Shores - 24

Southern Shores - 23

Nags Head - 24

Nags Head - 23

Kitty Hawk - 24

Kitty Hawk - 23

Duck-24

Duck - 23

Dare County Building Permit Value 2023 vs 2024

KDH - Unincorporated

Roanoke Island

Total CC Permits 23 vs 24

Curituck County Building Permit Value

Outer Banks Towns / Areas

Corolla

Duck

Southern Shores

Kitty Hawk

Colington

Kill Devil Hills

Nags Head

All Hatteras

Roanoke Island

Currituck Mainland

Ocracoke Island

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