Kill Devil Hills, NC

The real estate market in the Kill Devil Hills, NC metropolitan statistical area (MSA) is currently experiencing a number of trends. One of the most notable trends is an increase in home prices. This is being driven by a combination of factors, including low interest rates, limited supply of homes for sale, and strong demand from buyers. Another trend that is occurring in the MSA is a shift in the mix of properties being sold. In recent years, there has been an increase in the number of sales of luxury homes and vacation properties. This is likely due to the fact that Kill Devil Hills is a popular destination for both tourists and second-home buyers.

Another trend that is impacting the real estate market in Kill Devil Hills is the increasing popularity of short-term rentals (STRs). Due to platforms such as Airbnb and VRBO, it has become easier than ever for homeowners to rent out their properties on a short-term basis. This has led to an increase in STRs throughout the MSA, which has in turn put upward pressure on rental prices. Finally, another trend that is worth mentioning is the increasing number of baby boomers who are downsizing and moving into smaller homes or retirement communities. This demographic shift has created opportunities for first-time homebuyers and investors who are looking to purchase affordable properties in desirable locations.