Should OBX buyers and sellers be concerned about Rising Property Inventory?
According to the Outer Banks Association of Realtors’ (OBAR) latest market report, the inventory of properties for sale increased by 31% in February compared to the same month in 2024. It’s essential to compare year-over-year data because the number of properties for sale fluctuates significantly depending on the time of year. Typically, a 10% change—positive or negative—would be considered a notable market shift. However, I don’t believe this 31% increase is as concerning as it might seem.
Here’s why: Inventory during the pandemic hit historically low levels. For perspective, in February 2019, the number of properties listed through OBAR was more than double what it was in February 2025. Most Outer Banks Realtors viewed 2019 as a healthy, balanced market. Like most of the country, the local market is still recovering inventory levels after the pandemic disruptions.
That said, a 30% increase in available properties does indicate a subtle market shift—buyers are no longer as eager or pressured as they were a couple of years ago. For sellers, this means pricing your property correctly has become more critical than ever. For buyers, it’s an excellent time to carefully analyze recent comparable sales to ensure you’re getting the best deal possible.
At Scott Team Realty, we’re here to guide you through every step of the buying or selling process. Whether you’re pricing your property for sale or searching for your dream home, Sandy, Maggie, Jeff, and Lori-Jo are ready to help you make informed decisions.
Featured Listing
210 Waterside Drive, Lot 23, Harbinger