Real estate sales on the Grand Strand fell in October for the first time in more than.
Multiple Listing Service data shows single-family home sales fell 17 percent in October compared to the same month last year, and condo sales dropped 20 percent.
Stalled foreclosure sales, the end of the home buyer tax credit and pre-election hesitation are a few factors real estate analyst Tom Maeser believes contributed to the drop.
"Potential buyers are usually hesitant to buy a home before an election and this was a major election year," Maeser, with Coastal Carolinas Association of Realtors, said.
It's still a great time to buy and realtors continue to stay busy, Maeser added.
Figures show property sales typically drop off in the fall and Maeser believes the dip in numbers isn't something to worry about unless the trend continues for the next couple of months.
