Your Expert Advantage™ Market Update



There are many great Myrtle Beach area homes for sale. Click here to perform a full home search using the most advanced search tool on the web, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (843) 222-9265 for a FREE home buying or selling consultation to answer any of your real estate questions.

We've seen some interesting activity here in Myrtle Beach over the last 12 months. Overall, sales are down 10% compared to August of last year, but it's important to remember that last August was a record breaking month. Single-family home sales are up 4.7% year-to-date, while inventory is up 8.3%.

Comparing last month's sales to last year, condo sales are really lagging behind. Sales are down 6.7% over August of last year and the median price has fallen slightly, to $110,000. The good news, however, is that distressed sales are down 50%, meaning prices have been insulated.

The list-to-sales price average is up, with a 12-month rolling average around 97%. Additionally, home sales over $300,000 are up 20% for the 12-month rolling average. This is pretty great news for our Myrtle Beach market, as inventory continues to move.

Our primary focus right now is obtaining more inventory. If you or anyone you know is thinking about selling a home, don't hesitate to give us a call. We're getting some properties sold within 48 hours, so reach out to us if you want to achieve your selling goals today!