Myrtle Beach Housing Market on the Rise! January and February 2010 Statistics

Myrtle Beach January – February 2010 Real Estate Market Update.

We are starting to notice an overwhelming trend when comparing housing sales statistics in many different areas to 2009 figures. When comparing 2009 and 2010 sales of residential homes in the Myrtle Beach, sales are up 25%.

In 2009 there were 132 closed transactions, and in 2010 in January and February there were 164.Taking these numbers into account, sales in 2010 are up close to 25%.

As of March 16, 2010 there are currently 327 pending properties in Myrtle Beach. So what does this mean? Taking the pending homes information into consideration we should see a continual incline in amount of homes that are selling. 

This is providing us with some hope for 2010. Although sales are still below normal levels, this upswing is a very positive sign for all of us!

If you would like a detailed Comparative Market Analysis, please fill out the property information form. Please visit our Myrtle Beach real estate page to learn more about our area and to view all the available homes. Listings are updated daily!