11/22/2025
October 2025 MLS Statistical Report Here we are, one month into the government shutdown and you would expect that the shutdown would have a significant effect on the OBX real estate market. However, our inventory continues to rise (1208 units in 2025 vs 1175 units in 2024) and 2025 sales are on par with 2024 (1857 units in 2025 vs 1860 units in 2024).
INVENTORY
• Residential inventory is up 6% (2025 – 1208 units vs 2024 – 1175 units).
• Lots / Land inventory is down 2% (2025 – 398 units vs 2024 – 405 units).
• Commercial inventory is down 29% (2025 – 17 units vs 2024 – 24 Units).
UNDER CONTRACT • Overall, listings placed under contract are up 13% (2025 - 333 units vs 2024 – 295 units). SALES
• Overall, sales for 2025 are steady (2025 – 1861 units vs 2024 – 1862 units).
• Single Family Detached sales are up 2% (2025 – 1265 units vs 2024 – 1243 units).
• Condo sales down 1% - (2025 – 160 units vs 2024 – 162 units).
MEDIAN SALE PRICE
• Residential Median Sale Price was up less than 1% (2025 - $590,000 vs 2024 - $579,000).
• Lots / Land Median Sale Price are down by 7% (2025 - $125,700 vs 2024 - $135,000)