Indian Land Real Estate February 2021

Indian Land real estate February 2021 unquestionably remained a home seller’s market. Home prices increased, homes sold quickly with both average and median days on market significantly lower. The months supply of homes was critically low at 0.7 months and housing inventory also dropped by more than 64% year-over-year.

 

Indian Land Real Estate February 2021 Highlights

 

Latest news on the Indian Land real estate market in February 2021 and what it means for you…

 

Indian Land (29707 Zip Code) Real Estate UpateThe Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in February with just 0.7 months supply of inventory overall, down 69.6% from 2.3 months in February 2020. The months supply of resale home inventory was even lower at 0.4 months.

 

Housing inventory was down 64.1% in February year-over-year, coupled with a 22% decrease in new listings year-over-year. New construction inventory, long a staple of Indian Land housing, was also down 71.3% year-over-year. The months supply of new construction inventory homes were just 0.5 months. Resale home inventory dropped 72.2% year-over-year.

 

Both average and median sale prices increased in February to $360,693 and $354,940, respectively. Average sale prices increased 5.7% year-over-year and median sale prices increased 8.5% year-over-year.  

 

Closed sales decreased in February by 22.6% year-over-year. Pending sales decreased 8% versus February 2021, due to lack of inventory to buy. Despite the ongoing pandemic, home buyers were out in full force in the Indian Land area in February 2021. Historically low interest rates fueled buyer demand.

 

Average days on market were 38 days (down 15 days year-over-year).  Median days on market were 7 days (down 34 days year-over-year). Because of buyer demand and razor thin inventory, Indian Land homes continued to sell in under one month, on average.

 

With home sellers receiving a median 100% of asking price in sale price (up 1.7% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in February 2021.

 

 

Want to know what this would mean for your family if you decide to buy or sell an Indian Land area home?

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 Indian Land Real Estate Market Highlights

February 2021 vs February 2020

 

Indian Land/29707 Zip Code Housing Market Update February 2021

 

 

 

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SEARCH INDIAN LAND, SC HOMES FOR SALE

 

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WONDERING WHAT YOUR INDIAN LAND, SC AREA HOME IS WORTH?

 

If you’re thinking about selling your Indian Land area home, let’s get together and discuss the supply conditions in Indian Land neighborhoods and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

 

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MEDIAN HOME PRICE TRENDS IN INDIAN LAND, SC

 

 

This Charlotte, North Carolina Indian Land real estate February 2021 update is provided  by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real estate expert and Indian Land specialist. I’ve been opening doors for Indian Land home buyers and sellers since 1999.

 

If you’re considering selling or purchasing a home in Indian Land or anywhere in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

 “The Right Broker Makes All The Difference.”

 

 

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