Here’s your update on our April 2019 real estate market.
The stats from the first quarter of 2019 are in, and things have been heating up quite nicely here in the Grand Strand.
In the areas between Georgetown and the North Carolina border, we’re seeing that the number of pending sales is going up; right now, there are over 1,400 in the MLS. The number of homes for sale is also trending upward since we’re in listing season.
“Pending sales are up, overall market activity is up, and we’re moving back to a very healthy market in general.”
Additionally, the average month’s supply of inventory is trending up, but that will go down as the rest of the year progresses since most people believe that this time of the year is the best for selling. Currently, we’re at 5.5 months of inventory; as a reminder, six months of inventory is dead in between a buyer’s and seller’s market, which means we’re leaning only slightly towards a seller’s market.
While there’s not an abundance of inventory in our market at the moment, pending sales are up, overall market activity is up, and we’re moving back to a very healthy market in general. We’re looking forward to a very strong 2019 market year.
If you have any questions about the market stats or real estate in general, please don’t hesitate to reach out to me. I’d be glad to hear from you.
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.