Your Expert Advantage™ Myrtle Beach Market Snapshot

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We had a great September in comparison to what we saw last year. Single family home sales are up 4.6% compared to last year. The median sales price is up 5.6% over September of last year and the sale-to-list-price ratio is 95% for the entire MLS. In fact, it's been over 90% for the past 24 months now, which is great for buyers and sellers. We are, however, seeing the market turn towards one that favors sellers.

The condo market has seen a 2.2% decline in sales, while single-family home sales have dropped 6.1%. We've seen a major drop in distressed inventory - distressed condo sales dropped 43.5%, which has cushioned the value of condos, as the median sales price has risen 1.8%. For residential properties, distressed sales have dropped 19.7%, with a jump in the value of lots of 11.1%.

What this means is we have a very healthy market right now. More traditional home sales are happening than at this time last year, which is great news for buyers and sellers alike. If you're interested, you can check out the full report here.

If you have any questions about the Myrtle Beach market, we're always available to chat. Give me a call or shoot me an email for the real estate assistance you deserve!