Massive Shift In The Myrtle Beach Real Estate Market

Myrtle Beach Real Estate Podcast with Blake Sloan

An overview of the latest market data and what it means for you. Our latest market numbers are very interesting. The way the marketplace has shifted since the start of the year has been dramatic. Today I want to share some of the latest data with you. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:00 — Introducing today’s topic 0:50 — 41% drop in new properties under contract & 37% drop in volume 1:35 — 25.1% fewer homes sold 1:55 — The median price is up by 7.5% 2:15 — The average price has plateaued, and is only up by 0.5% 2:50 — Buyer demand has decreased by 25%, and supply is up by 46.7% 3:15 — Showings per listing are down by 31.3% 3:25 — Condo sales are down by 23.5%, but inventory is up by 90.9% 4:40 — Over the last five years, prices have risen 71.9% 5:55 — We have 69,578 active buyers looking on our website 6:20 — Wrapping up If you have any questions, don’t hesitate to reach out to me by phone or email. I’d love to help you.