Indian Land (29707 Zip Code) Real Estate Report: August 2019

2019-09-15T16:51:10-04:00September 15, 2019|Categories: Housing Market Reports/Updates|Tags: , , , , , , , , , , , , , |

Indian Land, SC (29707 zip code) real estate report/snapshot for August 2019. The Indian Land housing market remains a seller's market with just 3.3 months supply of inventory overall, but with only a 2.4 months supply of resale homes. New listings dropped 19.5% in August 2019. Average sale prices in August 2019 increased 1.3%. Both pending and closed sales were down in August compared with the same month the prior year, no doubt as a result of lower new listings and a 17.2% drop in months supply of resale homes. With home sellers getting 98.7% of selling price, minimal room for buyers to negotiate. Indian Land homes are selling quickly with just 20 median days on market.