According to an article published by the Sun News in Myrtle Beach, homes are now selling faster since the decline in prices over the past six months.  Homes spent an average of fewer days on the market during the first half of this year than the same time last year in the Grand Strand area.  202 days vs 225 days

Keep in mind, this doesn’t mean there were MORE home sales (actually they were down 29.3 percent, according to the article.)   The same with condo sales, where the median price dropped 11.1 percent from last year’s first half.

So what does this mean to me? The average home buyer?   It means I should have waited six months to buy my house. But who would have known. I read that others are waiting for the market to hit rock bottom before they buy, so they can get an even better deal.  Other than that, its just interesting to see where the Myrtle Beach real estate market is going. Excellent investment opportunities are out there for condos.

This entry was posted on Wednesday, July 30th, 2008 at 8:55 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.