Indian Land Real Estate Report: June 2021

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

The Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in June with just 0.8 months supply of inventory overall, down 61.9% from 2.1 months in June 2020 and down from 3.4 months in June 2019. 

Housing inventory was down 60.8% in June year-over-year, coupled with a 36.5% decrease in new listings year-over-year. New construction inventory, long a staple of Indian Land housing, was down 80.3% year-over-year. Resale home inventory dropped 66.7% year-over-year.

Both average and median sale prices increased in June 2021 to $437,021 and $420,587, respectively. Average home sale prices increased 18.4% year-over-year and median sale prices increased 14.3% year-over-year.  Average home sale prices also increased month-over-month by some $68,000. Median sale prices increased by $52,000 month-over-month. Lack of inventory continues to drive home prices up. New construction inventory was down to just 0.4 months in June 2020, putting additional pressure on sales momentum.

Closed sales decreased in June by 27.7% year-over-year. Pending sales decreased 45.3% versus June 2020. It was just a matter of time before the extreme lack of inventory impacted closed and pending sales in Indian Land. You can’t sell what you don’t have to sell!

Average days on market were 15 days (down 26 days year-over-year).  Median days on market were 3 days (down 11 days year-over-year and down 19 days versus June 2019). Because of buyer demand and razor thin inventory, Indian Land homes continued to sell in about two weeks, on average.

With home sellers receiving a median 102.1% of asking price in sale price (up 3.0% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in June 2021.

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

June 2021 Versus June 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.

Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.

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

 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 why experience matters and how:

 “The Right Broker Makes All The Difference.”