The Indian Land housing market remained a seller’s market with 2.4 months supply of inventory. Inventory was down 13.7% year-over-year. Average and median home sale prices up year-over-year. Average and median days on market dropped substantially year-over-year. Closed sales increased 12.5% versus March 2019.
Indian Land Real Estate Report: March 2020
Latest news on the Indian Land real estate market and what it means for you…
Indian Land, SC (29707 zip code) real estate report/snapshot for March 2020. The Indian Land housing market remains a seller’s market with just 2.4 months supply of inventory overall, down 25% from 3.2 months in March 2019. Housing inventory was down 13.7% in March, overall, with resale inventory down 11.6%. New construction inventory decreased 28.7% year-over-year.
Both average and median sale prices increased in March to $337,013 and $325,028, respectively. Average sale prices increased 15.2% year-over-year and median sale prices increased 6.3% year-over-year.
Closed sales increased in March, up 12.5% year-over-year. Pending sales dropped 13.6% versus March 2019.
Average days on market dropped to 49 days (down14 days year-over-year) and were down 6 days month-over-month. Median days on market were 20 days (down 23 days year-over-year) and down 22 days month-over-month.
With home sellers receiving 98.7% of asking price in sale price (up 1.8% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible.
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Whether You’re Buying Or Selling An Indian Land Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina real estate monthly update for Indian Land is provided byNina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Indian Land/Lancaster County specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Indian Land area home buyers and sellers for 20+ years.
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