"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)
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)
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