As we have seen with much of the year, home prices are continuing to rise and inventory remains a real hurdle for home buyers. The result has lead to an increase in rental prices making now an excellent time for those seeking investment properties to see a fast return as this is a trend we will be watching over the coming months.
For Sellers, we are currently projecting a 1.5-month supply for all property types so there is a real opportunity to list your home quickly and take advantage of the current mix of low mortgage rates and high home prices.
Note: This data is an expert from the Coastal Carolina Association of Realtors monthly report and encompasses Myrtle Beach and the surrounding areas that comprise the South Carolina coast. At CRG Companies, we continually track and analyze market data to help you make the most informed decision possible. If you’re thinking of making a move, talk to one of our Realtors or our client care team to start your home buying journey or help determine your home value to see if the time is right to sell!
The CRG Companies monthly real estate market statistics are based on data from the Coastal Carolina Association of Realtors and encompass Myrtle Beach and the surrounding areas that comprise the South Carolina coastal region of Horry & Georgetown counties, known as the Grand Strand. This snapshot of the local real estate market is your guide to making an informed decision when looking to buy or sell property in the Myrtle Beach market and is updated after the close of each month to allow time for all transactions to be reported.
We suggest using this in conjunction with our complimentary market analysis to determine if the time is right for you to buy or sell your Myrtle Beach area property. Contact our client manager If you are interested in more details on how to list your property and/or to find your next dream home!
Our team is here to answer questions on how our economy will effect home sales. If you aren't sure whether to continue your home search, we can help review market factors and your unique situation to determine a plan of action tailored to you. Contact your agent or our Client Care Team anytime!