Myrtle Beach, South Carolina, is seeing a buyers market at this time. Despite a somewhat troubled year for housing in 2006 -- this year has seen a change come about.
Prices have stabilized -- no more "explosive" booms seen in 2005 and no more "slashing" of prices seen last year.
Notes one local expert, "Local developers, expecting continuous growth, are working to create projects that appeal to family and urbanites. With 14 million visitors a year the market is ripe for sales of residential, vacation or investment property."
Average sold price is currently around $307,000, with a market time of 171 days. Sellers can expect to receive around 97 percent of their asking price.
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