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Closed Transactions - Up 34%
Inventory - Drastically Down 64%
Median Sales Price - Up 22%
Myrtle Beach Market Stats
Eager buyers are making multiple offers, some for well over asking price, while others are making offers on homes sight unseen.
Closed Sales increased 24.1 percent for single-family homes and 51.7 percent for condos. Pending Sales decreased 13.6 percent for single-family homes but increased 8.3 percent for condos. Inventory decreased 64.2 percent for single-family homes and 70.1 percent for condos.
The Median Sales Price was up 22.2 percent to $297,890 for single-family homes and 21.1 percent to $175,000 for condos. Days on Market decreased 21.3 percent for single-family homes and 10.9 percent for condos. Supply decreased 72.5 percent for single-family homes and 80.8 percent for condos.
