Tuesday, July 21, 2009
Signs of Stability? Listings fall for 12th consecutive month.
Even though all real estate is local, it is important to watch what is happening in the broader market too. Myrtle Beach has been hard hit with record foreclosures and short sales in the last year. I believe our local market is stabilizing because even though prices may drop just a little bit more, buyers are finally buying. When the buyers come back in earnest, this demand will help to absorb the large number of listings that have been available.
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