"Things are going in the right direction," says 843 Realtor owner John Winzenried. He says what's moving in the right direction is the housing market.
The housing market saw an increase in March sales over last month and last year's numbers.
However, Winzenried says the right direction doesn't mean the market is steady yet.
"Once we get these troubled homes off the market, then the home prices can stabilize," he says.
What Winzenried calls "troubled" most know as foreclosed homes. Since the housing markets tumble in 2008 followed by a recession, foreclosed homes have flooded the industry and brought down home prices.
Winzenried says foreclosed home bring down the price of other homes. "Distressed property is hard for people selling their homes to compete with, because the price is so low."
Horry-Georgetown Technical Collegereal estate expert Thomas Maeser says the Myrtle Beach market is good but still has a ways to go.
"66 percent of the market here are condos," says Maeser. "Single family homes are starting to stabilize in price, but we just have to get through this mess with foreclosed condos. That will probably be another six to twelve months before we see that."
Maeser says the increase in home sales are a positive, but the recovery from the recession won't happen until we see prices flatten out. "Condos and townhouses are in such a state of flux right now. We don't have a real recovery until we see a stabilized price in the market."
