Myrtle Beach Real Estate: A Look at the Market - Jan 26, 2023

Dated: January 27 2023

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Myrtle Beach, South Carolina is one of the most popular tourist destinations in the United States, known for its beautiful beaches, excellent restaurants, and a wide variety of entertainment options. But it's also a great place to call home! The real estate market in Myrtle Beach is currently strong and showing signs of growth, making it a great time to buy or sell a home in the area.

One of the biggest trends in the Myrtle Beach real estate market is an increase in home prices. According to recent data, the average home price in Myrtle Beach has gone up by +20.5% over the past year. This is largely due to high demand and limited inventory, as more and more people are looking to make this coastal city their permanent residence.

Another trend to note is the decrease in the number of days homes are staying on the market. The average days on market in Myrtle Beach is now 93 days, indicating a strong demand for homes in the area.

Investors in Myrtle Beach are also showing interest in the vacation rental market, with many purchasing properties specifically for vacation rental income. The city is a well-known vacation destination and the rental market has been in high demand for many years.

Overall, the Myrtle Beach real estate market is showing signs of growth and strength. If you are thinking about buying or selling a home in the area, now may be a great time to do so. If you are interested in buying or selling a home in Myrtle Beach, please don't hesitate to reach out to me for more information or to schedule a consultation.

In conclusion, Myrtle Beach is not only a great place to visit but also a perfect place to call home. The real estate market is strong, with increasing home prices and decreasing days on market, making it a great time to invest in a home.

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Michael Filkins

I'm originally from Albany, NY, and have been taking beach trips with my family since I was a kid from Maine to Key West, FL. Myrtle Beach, SC is a great place to live and work, which is why I chose t....

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Myrtle Beach Real Estate: A Look at the Market - Jan 26, 2023

Myrtle Beach, South Carolina is one of the most popular tourist destinations in the United States, known for its beautiful beaches, excellent restaurants, and a wide variety of entertainment.

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