Thinking of putting your Myrtle Beach home on the market? We are in the hottest months for our market, so now is a great time to do so.
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When it comes to real estate, timing is key. This is true whether you are a buyer or a seller, because a great deal of what happens on the market comes down to numbers and circumstances.
In the case of our local market today, the timing is right and the numbers are looking great.
Fortunately for Myrtle Beach sellers, we are in the hottest two months of the year when it comes to putting your home on the market.
I’m here to provide you with brand new numbers from last month’s marketplace, which are awesome across the board. Using these, the trends that appear point to good things for buyers and sellers alike.
The one thing that works best as a gauge for the market, more than anything else, are numbers. How much are sales up? How much is inventory down?
Now is the time to take advantage and let the market work for you.
For example, the things we’ve seen in the last few months have led to a price increase because of supply and demand.
Now, with preliminary numbers showing resales up 9.4% in the last month alone, last year’s prices up 8.6%, and housing inventory down 11.2%, the market is shifting from a buyer’s to a seller’s.
This is because when the threshold of inventory dips to six months or less, it becomes a seller’s market. Now, no matter what the shape of the market, knowing this is good whether you’re a buyer or a seller.
Knowing the point where the market flips from a buyer's to a seller’s, or vice-versa, can really help you out in the long run.
But as for today, the market’s numbers are great news for anyone looking to sell. Not only can numbers show how the market is doing right now, but they can help to predict the direction it’s headed.
Additionally, new construction sales are down 8.7%, new construction prices are up by 14.8%, and inventory for new construction is down 7.6%.
And, when it comes to condos, sales are up 10.4% last month alone, with prices up 6.1%, and inventory down 19.4%
Don’t wait too long. Now is the time to take advantage and let the market work for you.
If you have any questions, or are thinking of selling and want to know how I can help, give me a call or send me an email. I look forward to hearing from you.
