How was our 2018 real estate market overall? Let’s discuss in today’s year-end market update.
Now that we’ve entered the new year, it’s time to take one last look at how local real estate conditions played out in 2018.
The Myrtle Beach market saw some very interesting developments last year. Things started out strong but, as you know, were interrupted when Hurricane Florence hit in September. Looking at the data, there is a definite drop in activity after that point in 2018.
“Our market activity, which was interrupted by Hurricane Florence last September, will be back on track soon.”
In fact, the Myrtle Beach market saw 30% fewer homes sell last November compared to November of 2017.
Thankfully, this diminished activity will not last forever. Take the example of Florida, which was hit by Hurricane Irma in 2017. Their market saw a similar drop-off following that storm, but this was resolved in about 180 days. Given that we’re already noticing signs of recovery as we progress into 2019, it’s likely that our market will follow a similar trend and be back on track soon.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
At The Trembley Group, we pride ourselves on being the experts at more than just selling real estate. We are local residents, some of us have been here for a lifetime. The rest of us will be here until the end of time. We love living, working, and playing in the diverse backyard of Coastal Carolina, and look forward to helping you live and love your dreams soon too. Please reach out to us by phone or email for personalized service and one-on-one advice.