Myrtle Beach Real Estate

There are 20,825 listings currently available for sale in the Myrtle Beach Area MLS.

 

514 listings were sold during the month of October, representing only 2.47% of the total inventory.  At that rate, it will be a good 3 years and over 4 months before we sell out of the current inventory.

 

If you are the owner of a lot you are trying to sell, it might be a while before you'll sign the deed over to the new owner.  Land is the slowest moving product we have in the Myrtle Beach area, with only 0.52% of the inventory sold during the month of October.  At that rate, it will be over 16 years before we sell out of current land inventory...  We have a total of 5,820 lots currently available for sale and only 30 of them were sold during the month of October.

 

Multi-family is the next slowest moving product, with only 1.29% of the inventory sold during October.  We have a total of 155 multi-family units available for sale and only two were sold in October.

 

Condos are continuing to sell at the same slow rate they've been moving at during this entire year, with 7,385 units currently available for sale and only 206 sold during October.   At this rate - 2.79% - it will be almost 3 years before we deplete current inventory.

 

If you are the seller of a single family home in the Myrtle Beach area, you'll take comfort in knowing that out of all the Real Estate categories, yours is the Best Seller, with 4.08% of the inventory sold during October.  At that rate, it will be about two years before we exhaust the current inventory. 

 


Posted by Mirela Monte on November 13th, 2008 9:04 PMPost a Comment (0)

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