Myrtle Beach Market Update: Pending Sales Are Surging

Right now, the Myrtle Beach market feels active, confident, and very much alive. Buyer demand has arrived earlier than usual this year, and the surge in pending sales is the clearest sign that both single-family homes and condos are moving.

I’m closely watching inventory levels and months’ supply, and this early wave of demand is giving sellers a strong window of opportunity to list before competition increases later in the year.

 

Big Picture

  • Overall closings across all property types are up 2.2% over the past 12 months—not what you’d expect if the market were “crashing” or “frozen.”

  • While some believe the market is slowing, the data tells a different story: buyers are active, writing offers, and moving forward.

  • Rising pending sales combined with steady closings point to a healthy, functioning market, not a declining one.

Prices

  • The average price of single-family homes is up 1.8% year-over-year, reflecting steady, sustainable appreciation rather than a spike that could reverse.

  • The average price of condos is down about 4%, which appears to be normalization after strong post-pandemic gains—not a true downturn.

  • Together, this means single-family homeowners have quietly gained value, while condo sellers can still achieve strong results with smart pricing and presentation.

Days on Market & Months’ Supply

  • Single-family homes are averaging about 125 days on market (just over four months), which is consistent with a balanced market.

  • Condos are averaging about 133 days, reflecting higher inventory and more price-sensitive buyers.

  • Months’ supply for single-family homes is 4.2, right in the balanced range.

  • Months’ supply for condos is 7.7, leaning toward a buyer-friendly market—making pricing strategy especially important for condo sellers.

Key takeaway: Homes and condos are taking time to sell, but they are selling—and this earlier-than-normal demand is helping motivated sellers secure better pricing than they might if they waited.

Pending Sales: Proof of Momentum

  • Condo pendings jumped from 296 in December to 415, showing renewed strength and confidence on the condo side.

  • Single-family pendings surged from 591 to 901, an even stronger signal that buyers are clearly back in the market.

  • These aren’t subtle shifts—they’re real-time indicators of momentum, and sellers who are listed now are benefiting.

  • When pendings rise sharply ahead of the typical spring rush, it often means early demand is absorbing the best inventory first.

Why Now Is a Smart Time to List

  • Buyer demand arrived earlier this year than in recent years, leading to more showings, stronger interest, and better pricing power for sellers.

  • As spring and summer progress, more listings will come to market. Increased competition typically puts pressure on pricing.

  • Listing sooner means competing with fewer similar homes and condos, which can translate into stronger offers and better terms.

In short: waiting too long may mean selling into a more crowded, more competitive market.

What This Means for You

If you’re thinking about selling this year:

  • Consider listing now, while pendings are surging and before the next wave of inventory hits.

  • Expect a reasonable market time (around four months on average), with well-priced, well-prepared homes often selling faster.

  • For single-family homes, balanced supply, modest price growth, and strong buyer demand are working in your favor.

  • For condos, standing out matters—clean, updated, and correctly priced units are best positioned to benefit from this surge in activity.

If you’re still on the fence:

  • A customized pricing and timing strategy can help determine whether listing in the next 30–60 days makes sense.

  • We can review your neighborhood or building, recent sales, current competition, and real-time days on market.

  • Even if your timeline is later in 2026, planning now gives you time to make smart updates and prepare for a strong launch.

Watch: Myrtle Beach Pending Sales Are Surging

Let’s Talk About Your Plan

If you own a home or condo anywhere in the Myrtle Beach area and are even considering selling this year, now is a great time to have a strategy conversation. I can provide a personalized market update, a realistic price range, and a clear timeline based on today’s data—not headlines.

Contact me via email or call/text me, and I’ll put together a custom plan for your property so you can decide, with confidence, whether now is the right time to make a move.

-Greg