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Real Estate Market Analysis Myrtle Beach SC February 2014

real-estate-stats2The spring market is upon us and there is plenty of reason for optimism. For the 12-month period spanning March 2013 through February 2014, Closed Sales in the Coastal Carolinas region were up 9.7 percent overall. The price range with the largest gain in sales was the $200,001 to $250,000 range, where they increased 26.2 percent.

Four factors might be contributing to some market turbulence of late.

  • Weather
  • Interest rates
  • Fewer distressed properties
  • Lower Inventory