"Home Prices start to rise, sales trend Higher: Housing Recovery Underway." Nationally for the first time in 18 months, home prices in February rose. Of 53 metro areas included in recent survey, 45 saw increases over February last year and 26 metro areas such as Raleigh, NC and Boston, MA saw double digit jumps. (Re/Max National Housing Report)
What does this all mean locally in Myrtle Beach Real Estate?
Locally single family residential inventory fell 10.3% and condo inventory fell 7.3% compared with a year ago. Year to date, residential sales are up 9.8% and condo sales are up 8.4%. Condo sales increased 36% from prior month sales.
Looks like it's going to be a hot summer for real estate sales in Myrtle Beach, SC.
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