The state of the real estate market in Nags Head is definitely improving. 13 homes sold in the month of May in Nags Head. The sold homes ranged in price from $72,000 to $1,355,000. We definitely are starting to see some of the bigger priced homes starting to move. A sign of an improving market in Nags Head is the fact their are only 8 potential short sales, 56994, 58112, 60006, 59540, 52200, 60021, 61253, 60564, currently active on the Outer Banks MLS. Another encouraging sign is the fact that we are down to only 4 bank owned homes in Nags Head, 60329, 60741, 60688, 61464.
Nags Head Sold Stats May 2009
| Total Number of Homes Sold | Avg. Sale Price | Median Sold Price | Average DOM |
Nags Head Oceanside |
| 4 | $2,217,000 | $554,250 | $395,000 | 231 |
Nags Head between hwys |
| 3 | $1,955,000 | $651,667 | $650,000 | 115 |
S. N.H. West/Old Oregon R |
| 1 | $325,000 | $325,000 | $325,000 | 122 |
Nags Head Westside |
| 5 | $1,520,650 | $304,130 | $240,000 | 235 |
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| Totals | 13 | $6,017,650 | $462,896 | $355,000 | 197 |
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