There are many factors that help people decide to list their home on the market. Here are two really great reasons why right now is the perfect time to sell your home in Myrtle Beach
Whether it be working on the beach body or getting to that long overdue housework, it seems that the spring time always churns up a desire for new beginnings within us all. This is no different for the real estate market. The busy season is just around the corner for the Grand Strand and with the increased traffic comes a plethora of potential buyers who are all just waiting to fall in love with your home. For families, the spring is a perfect time to start the selling process because most people with families look to move during the summer, when the children are out of school. Getting your home on the market now positions you and your family nicely for an early summer closing date. (Based on current market conditions)
While there are always several factors that impact any market’s conditions, the three most pervasive in our market are:
1) Low Inventory– The supply of houses available for sale is down nearly 6% from last month. When there are less houses available on the market, it decreases the competition amongst listings for traffic and marketing. This can lead to favorable negotiations on price and terms for the sellers.
2) Increased Closings– The amount of houses sold in the month of February increased by nearly 13% locally. This demonstrates that buyers are active in the Grand Strand and are happy to buy when they find the right property. Houses are selling in the area, and they are selling at an average of nearly 97% of the asking price, which is another great indication of a seller’s market.
3) Time Spent on Market– The amount of time the houses are spending on the market in the Myrtle Beach and Carolina Forest markets is just around the 4 to 4.5 month period. This is a very strong indicator of a moderate to strong seller’s market. The range of time spent on the market varies slightly based on price point, however, the low average time spent on the market is a great indication of the seller’s potential strength in this market.
Successfully marketing a home has a lot to do with capitalizing on timing and market conditions. The conditions and the timing couldn’t be any better than they are right now to get top dollar for your home in a very efficient manner. Taking advantage of a low-supply market can increase traffic and therefore potentially increase the value of your home by interesting multiple buyers. The time is now, take advantage of our ‘Spring Forward” free market analysis promotion and give us a call at Axelrod Realty at (843) 248-0000 to get your home evaluated for price.