January 2025 MLS Statistical Report

The big news for January 2025 From the Outer Banks Association of REALTORS is that inventory is up 27% from this time last year. Most of that increase is due to a dramatic increase in residential inventory. Here is the breakdown:

• Residential inventory – up 48%

• Lots / Land inventory – up 1% Sales were also good in January 2025. Here is the breakdown:

• Residential sales – up 25% o Single Family Detached – 105 units vs 85 last year o Condo – 19 units vs 13 units last year

• Lots / Land sales – down 18% Median sale price showed mixed results. Here is the breakdown:

• Residential Median Sale Price – up 8%

• Lots / Land Median Sale Price – down 5%