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%.
However, location does matter. The numbers I just gave you reflect the Horry County and Georgetown County markets combined.
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.