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A lot of exciting things have been happening lately in the Myrtle Beach real estate market. We have a lot of updated statistics to share with our valued clients that will tell you exactly what the housing market in Myrtle Beach can do for you.
Today we are going to focus on single family and condo home sales. Their sales are lagging a little behind this May compared to May 2013, but their overall sales in 2014 are up by 2.5% this year.
Inventory for single family homes is up 3.6% this year, its highest level since 2010 and Inventory for condos is down by 5.9%. Distressed Inventory, or inventory whose potential to be sold at a normal cost has passed or will soon pass, is down 22.8% from this time last year, which is a great sign for the market recovering.
The median prices for both single family and condo homes are up as well, which is a great sign for sellers. The median single family home prices are up 5% so far this year, while median condo sales are up 2.9%
Overall, the housing market for single family homes and condos is doing great. We haven't seen prices dip too much and the market is great right now for sellers.
If you have any questions at all about the market in Myrtle Beach, please give us a call at (843) 808-SOLD or send an e-mail to VIP@SRGmail.com
A lot of exciting things have been happening lately in the Myrtle Beach real estate market. We have a lot of updated statistics to share with our valued clients that will tell you exactly what the housing market in Myrtle Beach can do for you.
Today we are going to focus on single family and condo home sales. Their sales are lagging a little behind this May compared to May 2013, but their overall sales in 2014 are up by 2.5% this year.
Inventory for single family homes is up 3.6% this year, its highest level since 2010 and Inventory for condos is down by 5.9%. Distressed Inventory, or inventory whose potential to be sold at a normal cost has passed or will soon pass, is down 22.8% from this time last year, which is a great sign for the market recovering.
The median prices for both single family and condo homes are up as well, which is a great sign for sellers. The median single family home prices are up 5% so far this year, while median condo sales are up 2.9%
Overall, the housing market for single family homes and condos is doing great. We haven't seen prices dip too much and the market is great right now for sellers.
If you have any questions at all about the market in Myrtle Beach, please give us a call at (843) 808-SOLD or send an e-mail to VIP@SRGmail.com
