Myrtle Beach Real Estate - Myrtle Beach Homes For Sale - Myrtle Beach Foreclosure Listings - North Myrtle Beach Real Estate - Commercial Real Estate

Myrtle Beach Real Estate Blog « Back

VIDEO: The market today in Myrtle Beach

Today, I’ll share some data from October with you. Good news! The data reveals we’re in a healthy, balanced market.

Let’s look at single family homes. We’re at a 6.5 month supply of inventory. We have 4,000 homes for sale regionally. In fact, 610 alone were closed last month! That’s 15% of the entire inventory sold.

Compared to last year, we’ve seen a 4% home price increase. Likewise, units are up 18%. The excess demand is met by current construction. This helps maintain a healthy balance. Even though homes are selling quickly, we have brand new homes entering the market.

Additionally, there is an eight-month supply of condominiums available. Although the inventory is down, condo sales overall have increased by 4% compared to last year.

If you’re looking to sell a property, let’s talk! Please reach out and give me a call.