Kathy Rukat Smith
Published July 4, 2022
Murrells Inlet Real Estate Market Report , June 2022
In the Murrells Inlet Real Estate Market Report, June 2022, edition provided by Kathy Rukat Smith of Palmetto Coastal Homes, discover what is trending. Murrells Inlet, like the rest of the Grand Strand, continues to be in a sellers’ market. I believe this trend will continue through 2022. The information below shows single family home and condo/townhouse numbers for the month of June for Murrells Inlet. Information is provided by the Coastal Carolinas Association of REALTORSⓇ.
The Murrells Inlet Real Estate Market Report covers single family homes and condo/townhouses in the Murrells Inlet sections of Horry County and Georgetown county. This report does not include manufactured homes, multi-family properties, land or commercial properties.
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Murrells Inlet Single Family Home Market
The average price per square foot and average sales price increased in June 2022 vs June 2021. Two numbers that I like to watch to gauge how the market is doing are the percentage of sales price to list price and the month’s supply of homes for sale. For June in the single family home market, the average sales price to list price was 99.9%. Sellers are still getting their asking price if not more in some cases. Murrells Inlet had a 1.7 month’s supply of homes for sale in June. That number is still very low and indicates a strong sellers’ market.
Quick Facts
- New Listings – 77, an increase of 10%
- Sold Listings – 65, a decrease of 35.6%
- Active Listings – 109, an increase of 9%
- Average Days of Market – 69, a decrease of 31%
- Average Sales Price – $548,876, an increase of 44.1%
- Average Dollars Per Square Foot – $191, an increase of 38.4%
single family home listings for sale
Single family home pending listings
single family home showings to pending
Another interesting number to point out is the number of showings before the listing goes pending. The fewer showings typically mean the house goes pending quicker. In the Murrells Inlet single family home market, homes were shown on average 10.4 times before they went pending.
Saturday Newsletter
My weekly email newsletter goes out on Saturdays. Information will include local market reports, real estate tips and videos, new listings of mine and my office, local business highlights, Grand Strand events and inspirational quotes.
Murrells Inlet Condo and Townhouse Market
The average sales price to listing price and month’s supply numbers for the condo and townhouse market in Murrells Inlet were just as impressive as the single family home numbers. The sales price to listing price for June 2022 was 100.6% while the month’s supply was 1.3 months.
quick facts
- New Listings – 38, a decrease of 2.6%
- Sold Listings – 31, a decrease of 20.5%
- Active Listings – 44, an increase of 12.8%
- Average Days of Market – 76, a decrease of 20%
- Average Sales Price – $336,548, an increase of 55.4%
- Average Dollars Per Square Foot – $214, an increase of 56.2%
condo and townhouse listings for sale
Condo and Townhouse pending listings
Condo and Townhouse showings to pending
Similarly to the single family home market, the condo and townhouse market saw a small number of showings to pending (11.4 which is a 2.6% decrease from June 2021). This number is another indicator of a sellers’ market.
What Do These Numbers Mean for Buyers and Sellers?
Buyers need to be ready to write an offer when they see a property they like. This mean getting pre-approved for a loan before starting to look a properties. If you are a buyer looking for an ocean front or ocean view condo, you may need to get approved for condotel financing.
Sellers need to be ready to pack and move soon after their property is listed for sale. Most closings occur in 30-45 days from the time of the offer. Part of your prepping for sale should be packing the items you do not need and perhaps renting a storage unit to get those items out of your home.
Contact me if you have any questions about the Murrells Inlet real estate market report, June 2022, or the Murrells Inlet market in general.
Saturday Newsletter
My weekly email newsletter goes out on Saturdays. Information will include local market reports, real estate tips and videos, new listings of mine and my office, local business highlights, Grand Strand events and inspirational quotes.
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