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January 2022 Myrtle Beach Housing Market Trends

The big news update for the 2022 Myrtle Beach real estate housing market is the lack of homes and condos available for sale. The latest numbers are out and the MLS report for the Myrtle Beach, SC area for the full year. The information shows a continued increase in home and condo prices in the Myrtle Beach area with the “inventory in months” dropping back down even more to a mere 1.4 months, the lowest in the history of the MLS. This continues to be caused by in-migration as well as a severe lack of inventory, even new homes which take years to plan, plot, and build. Keep in mind a “balanced” market where it’s equal for buyers and sellers is said to be about 6 months of inventory, and we are just a little more than a month. The average home sales price for the metro area is now at $305,000, up 17.3% when comparing 2021 to 2020 with the median sales price up.

Myrtle Beach Supply of Homes For Sale

How was the SC Real Estate Market?

How hot is the Myrtle Beach housing market?

  • Myrtle Beach is Very Competitive. With just 1.4 months of inventory currently in stock
  • If the home is listed properly, we are still seeing multiple offers
  • The average homes sell at 100% of list price (if the are accuratly priced at market) and go pending in around 57 days.
  • Hot homes can sell for about 5% above list price and go pending in around 36 days.

Myrtle Beach Housing Market Trends

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604 N. 27th Ave. Myrtle Beach, SC 29577

843-839-9870

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Jerry Pinkas

About Jerry Pinkas - Born in Baltimore, Maryland, Jerry started investing in real estate, buying his first rental property at the age of 21. With the love of the beach & ocean, he continued his real estate investments in Myrtle Beach and finally decided to move to Myrtle Beach full-time. If you ask Jerry's friends to describe him, they will say he is driven and hard-working. He just loves what he does and throws all of his energy into helping his clients. It's what makes working with Jerry so enjoyable. When not helping other people achieve their dreams, you can find Jerry spending time with his wife & daughters, enjoying all that The Grand Strand has to offer. The Jerry Pinkas Real Estate Experts utilize aggressive marketing techniques to help sell Myrtle Beach real estate. Home sellers need an expert who has an array of knowledge, a tireless work ethic, and supreme dedication to the task. The Jerry Pinkas Real Estate Experts have set the standard when it comes to selling property in Myrtle Beach. We are not just out to sell homes. We want to provide our clients with top customer service. I am grateful to be known as a successful Realtor, investor, business owner, and advisor.

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