Shh! Don't tell the media! The first quarter numbers are in, and I don't want to make a spectacle of myself here, but the numbers speak for themselves. If you want proof that the real estate market in Myrtle Beach is rebounding, look no further. Compared to 2004 (a year in which everyone agrees times were great), how are we really doing in 2007? Two important numbers to watch are:
1. How many home buyers are actually in town buying?
Number of single family homes sold January-March 2004: 960
Number of single family homes sold January-March 2007: 1123
2.How long do home sellers have to wait for a buyer?
Average days on market January-March 2004: 170
Average days on market January-March 2007: 165
The areas of the market hardest hit (oceanfront condos, predevelopment land) are taking longer to rebound, but reports of our death have been greatly exaggerated, and the roller coaster is about to make its way back up again. Who wants a great deal before the market leaves you behind?
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Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Hi Christopher, good job on an excellent response to all those out there whining about the bad market! Numbers don't lie.
Jun 18, 2007 08:23 AM
Rainer
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