November and December: A Busy Season for Real Estate
Contrary to the common belief that the local market slows down in winter, the reality here in Myrtle Beach is quite the opposite. As a local agent who has called Myrtle Beach home since kindergarten, I can confirm that while we used to have a highly seasonal market, the past decade has shown consistent activity year-round.
The past few weeks have seen a notable spike in activity. With the elections behind us, many buyers are now making their moves.
Market Update:
Check out our latest video: Myrtle Beach Market Catching Momentum
Myrtle Beach Market Statistics:
- Average Sold Prices: Up 3.1%
- Months’ Supply: 4.5 months (still a seller’s market)
- New Listings: Up 15%
- Closed Sales: Down 1-2% (a very slight decline)
- Days on Market: 117
- Showings to Contract: 7-8 showings
(If a property receives 7+ showings but hasn’t sold, it might be time to revisit the marketing approach.)
As we approach the end of the year, December looks to be wrapping up strong, and 2025 is already showing signs of a fast start. With interest rates recently decreasing, we’re expecting a surge of buyer inquiries in the coming weeks.
What are your real estate goals for 2025?
- Will you sell in 2025?
- Will you refinance?
- Are you planning to buy?
- Or perhaps explore lower insurance options?
Let’s discuss your plans and make the most of the opportunities ahead!
