Indian Land Real Estate Report: December 2020

Indian Land, South Carolina housing market unquestionably remained a seller’s market in December 2020, despite the ongoing pandemic. 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 0.8 months and housing inventory also dropped by more than 60% year-over-year.

Indian Land, SC Housing Market Snapshot: December 2020

 

Latest news on the Indian Land real estate market in December 2020 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 December with just 0.8 months supply of inventory overall, down 69.2% from 2.6 months in December 2019. The months supply of resale homes in Indian Land was 0.4 months down from 1.7 months one year ago. 

 

Housing inventory was down 60.2% in December year-over-year, despite a 22.8% increase in new listings  year-over-year. New construction inventory, long a staple of Indian Land housing, was also down 68.4% year-over-year. The months supply of new inventory homes were just 0.7 months, down from 3.2 months in the same month one year ago. Resale home inventory dropped 72.8% year-over-year.

 

Both average and median sale prices increased in December to $361,655 and $356,000, respectively. Average sale prices increased 4.8% year-over-year and median sale prices increased 3% year-over-year.  New construction prices were about $70,000 higher, on average, than resale home prices.

 

Closed sales decreased in December by 22.6% year-over-year (mostly due to lack of inventory). Pending sales increased 30% versus December 2019. Despite the ongoing pandemic, home buyers were out in full force in the Indian Land area in December 2020. Historically low interest rates fueled buyer demand.

 

Average days on market were 29 days (down 47 days year-over-year).  Median days on market were 7 days (down 39 days year-over-year). Because of buyer demand and razor thin inventory, Indian Land homes continued to sell quickly. 

 

With home sellers receiving a median 100% of asking price in sale price (up 2.6% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in December 2020.

 

 

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

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 

 MORE INFORMATION ON THE INDIAN LAND, SC HOUSING MARKET’S PERFORMANCE 

 

 Indian Land Housing Market Highlights

December 2020 Versus December 2019

 

Indian Land, SC Home Sales Update December 2020

 

 

 

9 HOT INDIAN LAND NEIGHBORHOODS 

 

 

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

FREE Home Buyer Guide “Things To Consider When Buying A Home” 

 

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.

 

Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

 

We’re happy to provide an expert home value analysis with no obligation on your part.

What's My Home Worth?

 

 FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

 

MEDIAN HOME PRICE TRENDS IN INDIAN LAND, SC

 

 

This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided  by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Indian Land specialists. We’ve been opening doors for Indian Land home buyers and sellers for 20+ years.

 

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 how:

 “The Right Broker Makes All The Difference.”

 

 

Find Your Indian Land Dream Home


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