Residential Sales Jump in July in Myrtle Beach


Grand Strand real estate prices slightly jumped in July, an indication that prices are starting to stabilize, according to local Realtors.

The median price – the price at which half sold for more and half sold for less – of a single-family home was $164,000 in July, up 1 percent from the same month last year, according to the Multiple Listing Service.

The slight increase in price could be because a lot more new houses are being built, and they typically have a higher price than resells, said Tom Maeser, a real estate analyst for the Coastal Carolinas Association of Realtors.


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