Myrtle Beach Housing Inventory Chart
This spreadsheet will show you a live update of what the real estate inventory is in the Myrtle Beach and Grand Strand area.
It will show you 3 numbers per category. Those numbers are total number or properties on the market, then how many of those are pending under contract with a buyer and the third number is a percentage of pending to total. That percentage is the absorption rate - meaning what percentage of the active market is under contract.
It is important to pay attention to each of those numbers, but the absorption rate gives us a idea of which direction a market is heading. Is it trending hotter or colder.
The categories are broken downb as follows: All single family homes, New construction homes, Resale homes, All condos, Condos not on ocean, condos on the ocean and land.
If you have any questions, please do not hesitate to reach out to Abe Safa and his team at (843) 360-2145.