Myrtle Beach Real Estate Market June 2026: Stable Prices, Higher Rates, and a Split Market
The Myrtle Beach and Grand Strand real estate market is not moving in one clear direction as we enter the summer of 2026.
Buyers have more homes to choose from than they did earlier this year, but overall sales activity has also improved. Mortgage rates remain higher than many buyers hoped they would be, yet single-family resale homes are spending fewer days on the market. New construction continues to perform well, while condos, townhomes, and manufactured homes face considerably more inventory.
In other words, this is not simply a buyer’s market or a seller’s market. It is a segmented market in which the type of property, location, price, condition, and monthly ownership costs matter more than broad national headlines.
If you are considering buying, selling, or investing along the Grand Strand, a personalized review of your goals can help you understand which part of the market applies to you.
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Here is what the June 2026 Myrtle Beach market data means for buyers, sellers, investors, and homeowners.
June 2026 Myrtle Beach Real Estate Market Snapshot
As of June 15, 2026, the overall market showed:
5.4 months of available inventory
94 median days on market
A median price of $323,400
Seven median showings before a property went pending
A 20.9% absorption rate
These numbers point to a market that is more balanced than the fast-paced conditions seen several years ago.
Approximately five to six months of inventory is generally considered a relatively balanced range. At 5.4 months, the overall market is giving buyers more options and more time to compare properties, but it is not broadly oversupplied.
The most encouraging change is the decline in median days on market. In February, the overall median was 108 days. By June, it had fallen to 94 days.
At the same time, the overall median price remained relatively stable. It moved from $321,440 in February to $323,400 in June, an increase of less than 1%.
That combination is important. Inventory can rise while market activity also improves. More owners may be listing their homes, but seasonal demand and motivated buyers can still help appropriately priced properties move faster.
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How the Market Has Changed Since February
The February-to-June numbers show a market with more choices but stronger recent activity.
Overall inventory increased from 5.0 to 5.4 months. Median days on market declined by 14 days. The median price remained close to where it began the period, and the absorption rate increased from 14.1% to 20.9%.
The absorption rate helps measure how quickly available inventory is being purchased. A rising rate generally indicates that buyer activity is improving relative to the number of homes available.
This does not mean every listing is selling quickly. Buyers remain selective, especially when a property needs repairs, carries high ownership costs, or is priced above comparable homes.
The market is rewarding homes that are positioned correctly and overlooking fewer pricing mistakes.
Single-Family Resale Homes Are Moving Faster
The single-family resale segment was one of the strongest parts of the June market.
The June resale numbers included:
5.0 months of inventory
78 median days on market
A median price of $387,500
Eight median showings before going pending
A 23.7% absorption rate
Median days on market declined from 103 days in February to 78 days in June. The median price increased modestly from $385,000 to $387,500.
For sellers, this shows that buyers are still willing to act when a home offers the right combination of location, condition, price, and value.
For buyers, it means the best resale homes may not remain available as long as the overall inventory number suggests. There may be negotiating opportunities on listings that have been sitting for several months, but a well-maintained and correctly priced home can still attract strong attention.
New Construction Remains Highly Competitive
New construction continued to have the lowest inventory and highest absorption rate of the major property categories.
The June new-construction numbers showed:
3.1 months of inventory
117 median days on market
A median price of $350,000
2.5 median showings before going pending
A 32.9% absorption rate
The median number of days on market may appear high, but new-construction listings are often entered before a home is completed. That can make direct comparisons with occupied resale properties difficult.
The more meaningful indicators are the 3.1 months of inventory and the 32.9% absorption rate. Together, they suggest consistent buyer demand.
Builders may also have tools that individual homeowners do not. Depending on the community and available inventory, a builder may offer closing-cost assistance, mortgage-rate incentives, design upgrades, or pricing adjustments.
Buyers comparing new construction in areas such as Conway, Carolina Forest, Myrtle Beach, or other growing Grand Strand communities should evaluate the entire offer rather than looking only at the advertised price.
It is also important to have independent representation. The builder’s sales representative works for the builder, while a buyer’s agent can help evaluate incentives, contracts, inspections, future development plans, HOA requirements, and resale competition.
Existing-home sellers must also understand that they may be competing with nearby builders. A buyer may compare a resale home directly with a brand-new property offering a rate incentive or closing-cost credit.
Condo and Townhome Buyers Have More Leverage
The condo and townhome market remains the most buyer-favorable major segment.
The June numbers included:
7.9 months of inventory
95 median days on market
A median price of $235,000
Seven median showings before going pending
A 15.1% absorption rate
Inventory increased from 7.3 months in February to 7.9 months in June. The median price moved from $237,500 to $235,000.
A separate local market report cited approximately 8.5 months of condo inventory for an earlier reporting period. The difference is likely connected to the date of the report, geographic coverage, or property classifications. Both figures point to the same general conclusion: condo buyers currently have substantially more choices than single-family buyers.
That does not mean every condo is losing value or that every seller should expect a major discount. Oceanfront buildings, low-rise communities, townhomes, primary-residence condos, and short-term-rental properties can perform very differently.
Buyers should evaluate more than the purchase price. HOA dues, insurance coverage, special assessments, building reserves, rental restrictions, financing eligibility, and management costs can significantly affect affordability and investment performance.
For condo sellers, pricing and presentation are critical. With nearly eight months of inventory, buyers can compare numerous competing units. A property that is priced according to last year’s market rather than today’s available competition may struggle to generate activity.
Manufactured and Modular Homes Show Greater Volatility
The manufactured and modular segment had:
7.8 months of inventory
93 median days on market
A median price of $175,000
Four median showings before going pending
A 14.8% absorption rate
The median price was $195,000 in February, fell to $155,000 in March, increased to $189,500 in May, and settled at $175,000 in June.
Those month-to-month changes should not automatically be interpreted as uniform appreciation or depreciation. Manufactured-home statistics can shift significantly depending on the number, age, location, condition, land ownership, and community type of the homes included in a particular month.
Buyers should confirm whether land is included, whether lot rent applies, and whether financing is available for the property.
Mortgage Rates Remain the Main Affordability Challenge
The 30-year conforming mortgage-rate snapshot was 6.038% in February. It increased to 6.190% in March, 6.279% in April, and 6.499% in May before easing slightly to 6.476% in June.
That means the June snapshot was approximately 0.44 percentage point higher than the February figure.
Other June rate snapshots included:
6.603% for a 30-year jumbo loan
6.313% for a 30-year FHA loan
6.118% for a 30-year VA loan
6.227% for a 30-year USDA loan
5.800% for a 15-year conforming loan
These are general market indicators, not individual loan quotes. A buyer’s actual rate will depend on credit, loan type, down payment, occupancy, points, lender, property type, and other factors.
Mortgage rates do not move only because of Federal Reserve decisions. Inflation expectations, bond-market activity, economic reports, and global events can all affect them.
Buyers waiting for a dramatic rate decline should understand that there is no guarantee one will occur on a convenient timetable. A more practical approach is to determine what payment is comfortable now and investigate whether seller credits, builder incentives, discount points, or alternative loan programs could improve affordability.
Local Conditions Vary Across the Grand Strand
A regional statistic cannot fully describe every neighborhood.
Myrtle Beach and North Myrtle Beach contain a large variety of primary residences, vacation properties, condos, and resort investments. Conway and inland communities may offer more new-construction opportunities and different price points. Surfside Beach, Murrells Inlet, and Pawleys Island include established residential neighborhoods, coastal communities, second homes, and properties with distinct insurance or flood considerations.
The same list price can represent a very different financial decision depending on the property’s HOA, insurance, flood zone, rental rules, age, condition, and proximity to the ocean or Intracoastal Waterway.
That is why buyers and sellers should base decisions on a neighborhood-level analysis rather than a national headline or one Grand Strand-wide median.
You can compare current listings throughout Myrtle Beach, North Myrtle Beach, Conway, Surfside Beach, Murrells Inlet, Pawleys Island, and surrounding communities here:
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What This Means for Buyers and Sellers
What Buyers Should Know
Buyers generally have more choices and more negotiating power than they had during the most competitive years of the market.
The strongest opportunities may be found among homes that have been listed for an extended period, condos facing substantial competition, or properties where the seller is motivated by a relocation, retirement, inheritance, or other life event.
However, buyers should not assume every seller will accept a steep discount. Well-positioned single-family homes and desirable new-construction options are still attracting activity.
The best strategy is to compare the total monthly cost, investigate the property carefully, and negotiate based on current competing inventory.
What Sellers Should Know
The June data does not show that buyers have disappeared. It shows that buyers have become more selective.
A seller’s first few weeks on the market remain important. Overpricing can reduce showings, extend market time, and eventually lead buyers to question why the property has not sold.
Sellers should compare their homes not only with recent closed sales, but also with active listings, pending competition, builder incentives, and current ownership costs.
Professional photography, condition, accessibility for showings, accurate pricing, and consistent follow-up all matter in a market where buyers have alternatives.
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What Investors Should Know
Investors should evaluate each property individually.
Tourism remains a major part of the Grand Strand economy, but an active tourism market does not guarantee that every short-term rental will produce the same result. Building rules, management fees, insurance, HOA costs, assessments, unit condition, seasonality, and rental competition all affect performance.
Current condo inventory may create acquisition opportunities, but only when the full income and expense picture supports the investment.
What Current Homeowners Should Know
Monthly median prices can shift because of the mix of properties sold or listed. A change in the regional median does not directly determine the value of an individual home.
Waterfront properties, golf-course homes, oceanfront condos, new construction, and established inland neighborhoods all require different comparable sales and adjustments.
An online estimate can provide a starting point, but a local property analysis that considers condition, upgrades, location, view, lot, HOA, flood zone, and competing listings will usually provide a clearer picture.
Myrtle Beach Market Outlook for the Second Half of 2026
The most reasonable outlook is for continued variation rather than one dramatic market-wide shift.
Mortgage rates will remain an important influence on affordability and buyer confidence. If rates improve, additional buyers could reenter the market. If rates remain near current levels or increase, buyers may continue to focus heavily on monthly payment, concessions, and value.
Summer is an important period for the Grand Strand because it brings increased travel, relocation visits, second-home interest, and attention to coastal properties. However, seasonal activity does not eliminate the need for realistic pricing.
The overall market is not currently showing evidence of a broad collapse. Inventory is higher, but the overall median price has remained stable and days on market have recently improved. At the same time, higher condo and manufactured-home inventory shows that some sellers face more competition than others.
Life changes will continue to create transactions even when rates are elevated. Families grow, jobs change, retirees downsize, investors reposition portfolios, and people relocate to be closer to family or pursue a different lifestyle.
The question is not simply whether the market is good or bad. The better question is whether the current market supports your specific goals, property type, timeline, and financial situation.
Get a Local Myrtle Beach Market Analysis
Whether you are considering a move in Myrtle Beach, North Myrtle Beach, Conway, Surfside Beach, Murrells Inlet, Pawleys Island, or another Grand Strand community, the right strategy starts with local data.
Beach Properties Group can help you compare neighborhoods, evaluate new construction and resale options, analyze condo ownership costs, or determine how your property should be positioned in the current market.
Schedule a personalized conversation about your buying, selling, or investment goals:
https://booking.beachpropertiesgroup.com/schedule
Brian Staub is a real estate agent in Myrtle Beach, South Carolina, helping buyers and sellers make informed decisions with clarity and confidence.
Brian Staub
Beach Properties Group
Keller Williams Innovate
601 21st Avenue North
Myrtle Beach, SC 29577
843-385-6630
https://beachpropertiesgroup.com/
