From politics to a global pandemic 2020 was an unprecedented year! The Real Estate market proved to follow suit, wrapping up with astounding numbers not seen since 2006. Active buyers seeking new products to fit their new lifestyle caused supply to dwindle quickly while demand shows no signs of slowing down. With housing starts, permits, and existing home sales all continuing at accelerated rates, it’s clear that the pandemic may have just be en the catalyst to a strong and prolonged market expansion.
See the month-to-month numbers below and view the recap from CRG Companies Broker-In-Charge, Rainbow Russell. We will continue to track and analyize the market monthly to help you make the most informed decision however if you’re thinking of making a move talk to one of our Realtors or our client care team to determine your home value to see if the time is right!
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!