As August unfolds, we hope you’re soaking in all the energy and warmth this special month brings. It feels like the Friday of summer here on the Outer Banks—a perfect time to enjoy the last hot, sun-soaked days before the season gently cools into the welcoming warmth of September and October. Whether you’re here on the coast or enjoying summer elsewhere, we wish you a joyful and relaxing finish to this beautiful season.
In local news, several properties along the Outer Banks have recently been damaged by fires, and a hurricane has already made its way up the coast—both timely reminders of the importance of having up-to-date and comprehensive property insurance. We strongly encourage you to reach out to your insurance provider to ensure your coverage reflects current replacement costs. With real estate values and construction expenses rising in recent years, now is a good time to review your policy and make any necessary updates. Be sure to include features like pools, hot tubs, or elevators, as these amenities can impact your coverage needs. If you’ve made recent upgrades—such as a new roof, HVAC system, or water heater—let your insurer know, as these improvements could change your premium. And if your home is a rental, it’s also important to ask about “loss of use” or lost rental income coverage. If you need help finding a local insurance agent familiar with Outer Banks properties, we’re happy to provide recommendations—just let us know.
In real estate news, The July 2025 OBAR Statistical Report shows that the Outer Banks housing market remains active, though trends vary across towns. Overall residential sales year-to-date hold steady at 1,047, matching 2024 levels. Inventory continues to rise, with 822 homes available in July 2025—up 19% from last year. Days on market are lengthening in many areas, reflecting a more balanced market. Town-level data highlights varied shifts: Corolla saw a 29% decline in sales with a 5% dip in median price, Duck recorded a 2% gain in sales and a 6% increase in median price, Southern Shores posted stronger sales and price growth, and Nags Head experienced a 33% surge in sales despite a 14% pullback in median price. Notably, the OBX Homes Team observed increased market activity over the past month, and this momentum could continue if the Federal Reserve proceeds with the rate adjustments it has indicated for September.
Just a friendly note as we head into the fall season—a time when more listings tend to come on the market as homeowners start making post-summer plans and consider their next steps. We’ve recently heard from several homeowners who were contacted by agents claiming to have a potential buyer, but in some cases, the conversation shifted toward listing the property instead. The reason we mention it now is simply to remind you that if you’re ever approached directly by an agent or potential buyer, it’s always a smart idea to check in with us—or another trusted agent—for a fair market assessment or possible sales price. Having an accurate, up-to-date understanding of your home’s value helps ensure you make informed decisions and don’t sell yourself short. We’re always here as a resource if you have any questions or would like a complimentary, no-obligation market analysis.
Hope everyone enjoys the rest of summer! Heather and Mandi
