The summer traffic is gone, and the golfers and snowbirds are occupying our town. It is hard to believe we are approaching the end of the year so fast.
Our local real estate market continues to see increased activity compared to the last few years. It is important to note that over the last 2 months, we have seen a slight softening of the market.
Surprisingly, we experienced an increase in active inventory (Supply) and a slight decline in sales (Demand). A lot of people think this is because of the season, yet it is a little too early to tell at this time. We also saw an increase in foreclosure listings. Again, let’s not panic… let’s keep our eyes open.
The thing I like most about the market today is that interest rates still remain low, making this the very best time for a buyer to move into our market.
I will keep my eyes on the market and if there is anything that you need to know, be assured I will send an update immediately.
Even though the market has been active this year, there are still hundreds of homes and condos that fail to sell every month. I did some extensive research on this fact, and thought I would share what I found. I created a quick video to explain why some properties are failing to sell in today’s market.
The purpose of this video is to learn why properties are failing to sell in this active market. For those that are thinking of selling in the future, it is critical that we learn from other's mistakes.
We are doing property reports by request for any community or building in Myrtle Beach. If you would like to have a sales report for your property, please contact us and I will work on it for you. Please include your property address to make it a bit easier.
Thank you once again for allowing us to be your Myrtle Beach Real Estate Resource. As always, we are committed to helping you be the most informed property owners in town. We look forward to the next opportunity to help you!
~ Greg Harrelson, C21 The Harrelson Group