National Housing Market Trends Metric 1st Half of 2024 1st Half of 2025 Change/Trend Median Home Price $350,000 $422,800 (May 2025) Increased 21% Existing Home Sales Volume 4.12 million projected 4.03 million (May 2025) Slight decline (-2%) Cash Sales Share 38.1% 38.9% Highest since 2013 Foreclosure Sales Share 1.5% 1.4% Minimal change Seller Profit Margin 56.9% 53.8% Declined for 2nd year Nags Head, NC Local Real Estate Market Highlights Metric 1st Half of 2024 1st Half of 2025 Change/Trend Average Sold Price $935,000 $960,866 Slight increase Median Sold Price $847 $791,000 Stable Days on Market 57 days 58 days Virtually unchanged Number of Properties Sold 53 properties 81 properties Increase Key Observations Nationally, home prices rose sharply, but sales volume dipped sligh...
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