Nags Head Home Sales Update 2023
By Greg Cremia
(Shore Realty of the Outer Banks)
Forget what all the talking heads are saying. The real estate market is not crashing. It might be depressed in some areas but not in Nags Heads on the Outer Banks.While the Nags Head home sales market size has shrunken considerably , the prices for homes are continuing to go up. This might be because property owners have become reluctant to sell which is keeping the inventory low which always boosts real estate prices.The number of home sales dropped 40% from 2021 to 2022 and the median price went up 17% from $665,000 in 2021 to $800,000 in 2022. Nags Head Home Sales in 2021 No. of Listings Dollar Volume Average Price Median Price Average DOM RESIDENTIAL Other 6 $7,405,000 $1,234,167 $915,000 68 Conventional 209 $147,997,959 $708,124 $610,000 40 FHA 1 $335,000 $335,000 $335,000 ...