MYRTLE BEACH -- Condo prices saw double-digit drops in January compared with the same month last year, the latest indication of a lagging housing market. Median condo prices dropped 24 percent, from $218,000 to $166,500, according to statistics released Thursday by the Coastal Carolinas Association of Realtors. The median price is where half sell for more and half sell for less. Realtors said the price declines stem from the vast oversupply of homes on the market that's forcing some sellers to slash prices to make their homes competitive.

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