"So how IS the real estate market"

Are you getting tired of answering this question?  How do YOU answer it?  My response has always been, depends on whether you're a Buyer or a Seller.  If you are a Buyer then it is a GREAT time to buy - low interest rates + low prices =  GREAT VALUE.

If you are a Seller - If you don't have to sell, then its probably not a good time to put your home on the market, however, if you NEED to sell then PRICING is key.

According to Realtor.com inventory is declining on a national level and also in our market.


People are searching the # 1 web site for property in Myrtle Beach.  In May we ranked #75 and June #70.

The activity has definitely increased in the Myrtle Beach market.  I have seen increased showings, more inquiries and yes - contracts are being written.  It is still a Buyer's Market and will continue that way until we see substantial declines in inventory.

As of this morning, there are 4218 active residential listings-3776 have no stipulation of sale and 3,802 active condo listings in our MLS 3,433 have no stipulation of sale*.

*(Stipulation of sale = Foreclosure, Bank owned, REO, short sale)

Comments

Popular posts from this blog

Murrells Inlet - "Seafood capital of South Carolina"

A Small Town with "Big Flavor"

My year in review