People always ask me, “How’s the market doing?”
Today, I want to bring some insight to this question by going over a few year-over-year market statistics.
The median sale price for single-family homes increased by 4.1% in 2017. The median sale price for condos over that same period increased by 6.5%.
In terms of inventory, the supply of single-family homes decreased by 0.5% in 2017. Inventory for condos went down by over 20%.
“When looking at market statistics, location matters.”
However, location does matter. The numbers I just gave you reflect the Horry County and Georgetown County markets combined.
Click here to check out our 2017 Annual Report
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
