National Housing Market Update August 2015

Here’s the latest update on the housing market for the United States.  The trends mentioned in this video are consistent for here in the Myrtle Beach area as well.  We have seen a steady increase in the number of homes sold as well as a steady increase in the prices on these homes.

In a year over year comparison, the number of transactions completed is up 11.3% and the average sales price has increased 6.4% over the previous year with a median sold price in July of $215,000.  The national average for days on the market is also now at 57 days and we currently have an inventory of approximately 3.9 months inventory.  To see all the stats, download a copy of the REMAX National Housing Report_August 2015.

The market here in Myrtle Beach continues to follow along these same measures as the national market. Homes that are priced properly continue to sell quickly for strong prices.  If you have been thinking of selling your home, contact me today for a complete market analysis of what your home could potentially sell for.