South Carolina real estate is a mixed market. Coastal towns are the hot areas while the rest of the state has begun to cool off. In Hilton Head, there are more sellers than buyers, but houses are only on the market for 30-60 days. There is a good supply of houses in all price ranges, but the average sale price is $450K. The most active market is condos and townhouses, especially with waterfront.
In Myrtle Beach, there are more buyers than sellers in the market. Houses are on the market for 30-60 days before selling, and getting 90-95% of their asking price. The average sale price is $250 thousand, which is similar to summer 2005 prices. The most active part of the market is first time buyers. Another active market is new construction of condominiums near beaches and golf courses.