Myrtle Beach, SC home prices and housing market

Myrtle Beach home values barely moved this year, and homes now sit seventy-nine days before selling. If you are wondering whether to sell this year, that slowdown is the whole story, so here is what the numbers actually say. The typical Myrtle Beach home is worth about three hundred twenty-three thousand dollars, up only half a percent over the past twelve months. That is basically flat. Meanwhile there are just over three thousand homes for sale, and with only about 730 new listings arriving this past month, the pile is not clearing fast. The result is time. Homes are taking seventy-nine days to go under contract, which gives buyers room to be picky and room to negotiate. But here is the part sellers should notice. The median list price is about three hundred forty-five thousand dollars, well above what homes are actually worth, and roughly one in five listings has already cut its price. That gap tells you plenty of sellers are starting too high and paying for it later. So if you sell, price at the market, not above it. A realistic number out of the gate beats two months of waiting followed by a cut. Find out where your home really stands with a free estimate at Home Value Pros dot com.