My latest research indicates the market is staying strong and the activity has continued to increase since January of this year.
Overall, we are seeing an increase in sales for residential homes, townhomes and condos. The only area of the real estate market that seems to be lagging is residential lot sales.
It appears that builders have enough inventory that there is no need to purchase more at this time. And, the developers are offering such great incentives on their newly constructed homes that most people are buying, versus building a custom home.
If you are considering selling a property in our market, be careful! Just because the market is active doesn’t mean that the property will automatically sell.
We see a lot of properties selling and in many cases, we feel the owner could have received a higher price if their property was marketed aggressively. The reason I am taking the time to have this discussion is because, when a market is HOT, a lot of people get a real estate license and start taking listings. You have to be careful and make sure that you hire an experienced agent if you want to get Top Dollar for the home. Don’t just hire an agent because they have a license. Look for EXPERIENCE.
Back to the real estate market... We believe the market will remain active the rest of the year. Inventory levels are creeping up a little so I would not be surprised if we see it flatten out a little towards the end of the year. Until then, we will continue to aggressively pursue buyers for our seller clients.
For Specific Data on the Market, watch the video below.
We are always available to answer questions about your property or about the real estate market in general. Please let us know if we can help out in any way.
Your Myrtle Beach Realtors,
Century 21 The Harrelson Group