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2011's First Quarter State of the Market Resort

First Quarter of 2011 Reports Significant Improvements in the State of the North Myrtle Beach Real Estate Market

HOME SALES UP!

2011's First Quarter State of the Market Report published by the Coastal Carolinas Association of Realtors contained welcomed good news for North Myrtle Beach homeowners. The first quarter of the year saw extremely encouraging changes in the percentage of closed sales in North Myrtle Beach, reporting an increase of nearly 35% in single family home sales.

INVENTORY DOWN!

In recent years, real estate inventory has reached all-time highs. However, in the first quarter of 2011, North Myrtle Beach, reported a 9.7% decrease in inventory from 2010. Lower inventory of total homes on the market translates to less competition between listings.

If you've been considering listing your home, this 2011 season may be a great time to do. If you'd like more information on current market reports in North Myrtle Beach, please contact an agent today!
 

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