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The year is almost over and Myrtle Beach real estate has definitely had an interesting year. Taking a glance back towards the beginning of this year, who would have thought that real estate in Myrtle Beach would improve at the rate that is has. Prudential Myrtle Beach sets a sales goal every year. This year, not only did we reach our goal, we surpassed it!
What does this mean for you? This a light at the end of the tunnel for sellers who have been waiting for the market to improve to list their homes. This is hope for all of those who have been told that we have not hit bottom yet. Will there be more foreclosures and short sales? Yes, probably, but not like we have seen. Sales prices are beginning to rise, inventory is at a 10 year low and homes are spending less time on the market than in months and years passed.
Buyers are seeing more opportunity than ever before with rates STILL at historic lows and not projected to increase until the end of 2015! Even then, the increase is expected to nominal. So I bring you tidings of comfort and joy from our Myrtle Beach real estate market, knowing that things are finally beginning to look up!