Indian Land Real Estate October 2021

Indian Land real estate October 2021 unquestionably remained a seller’s market. Home prices increased and homes sold quickly with average days on market significantly lower year-over-year and month-over-month. The months supply of homes was critically low at 0.8 months. Inventory dropped 57.1% year-over-year. All this put downward pressure on closed and pending sales in October 2021.

INDIAN LAND REAL ESTATE OCTOBER 2021 HIGHLIGHTS

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

The Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in October with just 0.8 months supply of inventory overall, down 46.7% from 1.5 months in October 2020 and down from 3.0 months in October 2019. The months supply of inventory was also down 0.1 month from September 2021.

Housing inventory was down 57.1% in October year-over-year, while new listings decreased 33.3% year-over-year. New construction inventory, long a staple of Indian Land housing, was down 79.7% year-over-year. 

Both average and median sale prices increased in October 2021 to $457,931 and $449,000, respectively. Average home sale prices increased 22.5% year-over-year. Median sale prices increased 21.5% year-over-year.  Average and median home sale prices also increased month-over-month.

Lack of inventory continues to drive home prices up. One indicator of how much demand there is for Indian Land homes versus supply is the number of showings per listed home. In October 2021 listed homes had 13.6 showings on average. This was an increase of 51.1% from 9 showings in October 2020, as well as an increase from 5.6 showings per listed home in October 2019. It’s more buyers “chasing” fewer listings.

Closed sales decreased in October by 31.1% year-over-year. Pending sales decreased 11.0% versus October 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 61.1% lower at 14 days (down 22 days year-over-year and down 29 days from October 2019).  Median days on market were 42.9% lower at 4 days (down 4 days year-over-year and down 13 days versus October 2019). Average days on market were down 5 days month-over-month. Median days on market were down 1 day month-over-month.

With home sellers receiving a median 100% of asking price in sale price, the negotiating opportunity for home buyers in Indian Land was negligible in October 2021.

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

I can help.

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

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE. 

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

 Indian Land Real Estate October 2021 Snapshot

October 2021 vs October 2020

9 HOT INDIAN LAND NEIGHBORHOODS 

SEARCH 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 Indian Land Real Estate October 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.”