Inventory in Murrells Inlet has expanded in this rolling three-month view, with active listings up more than 20% year over year to 254. New listings are also higher than a year ago, rising nearly 36%, and pending sales have jumped about 70%, signaling strong contract activity. Even with more homes available, months of supply has fallen sharply compared with last year, down to 7.4 months, aligning with its classification as a seller's market.
Pricing is adjusting to this mix of higher activity and improved supply. The typical home value over the past three months is just over $500,000, down modestly from a year ago, while the median list price is up more than 20% year over year, suggesting sellers are testing higher price points.
Homes are taking longer to sell, with a median of 91 days on market in the latest three-month period, notably higher than the low-60-day range seen in some prior years. Only about 7% of recent sales closed above list price, and the average sale-to-list ratio of roughly 98% indicates buyers have some room to negotiate, but not a lot. With both demand and inventory shifting, buyers and sellers in Murrells Inlet can benefit from Agent Pronto’s help connecting them with a local agent who understands these trends and how to navigate them.
