Grand Strand Housing Holds Stable as New Construction Incentives Offset Rate Shifts in Q2
Updated
Updated · WMBF · Aug 19
Grand Strand Housing Holds Stable as New Construction Incentives Offset Rate Shifts in Q2
1 articles · Updated · WMBF · Aug 19
Summary
Grand Strand home prices are staying largely flat even as pending sales ease, with local agents saying the market remains stable rather than slipping.
Q2 buyer demand jumped when mortgage rates fell in February, then cooled slightly as rates crept back up, but builder incentives kept transactions moving.
New construction is the main support: homebuilders are offering closing-cost help and interest-rate buydowns to keep homes affordable, especially for first-time buyers.
Single-family sales are running below last year while condo sales are higher, signaling a shift in what buyers choose rather than a broad market downturn.
Local real estate experts say prices could soften if sales weaken for a prolonged period, but current supply-and-demand conditions are still holding the market steady.