Myrtle Beach Market Update

Looking for a Myrtle Beach home? Click here for a full home search  

Selling Your Myrtle Beach home? Get a free Home Price Evaluation

Today, I’m here with the latest real estate news for the Myrtle Beach housing market. I have great news for homes and condominiums alike!

Last month, single-family home sales increased by 2.1% compared to the same month last year. The numbers are up $6 year to date, compared to 2015’s data. As for condos, we’re up 17.08% for the month and 8.4% year to date. Our market continues to thrive and boom!

If you examine prices, you’ll see they’ve increased by 4.5% last month for single-family homes with the median sales price of $203,750. We broke that $200,000 mark a few months ago and it’s only rising from here. Prices for condos were up 5% last month and 9.5% year to date.

What does that mean for you? We’re seeing an increase of sales alongside low inventory, which benefits sellers with an opportunity to stand out with little competition. Buyers are out there looking for homes, which indicates high demand. If you’re considering selling your home, now is the time to act! You probably have significantly more equity than you think right now.

If you’re thinking about buying or selling a home in the surrounding region, reach out by phone or email. I’d be happy to meet with you and talk about your real estate needs!

CLICK HERE To View The Detailed Report With The Market Numbers.