Indian Land Real Estate Report: May 2020

The Indian Land housing market remained a seller’s market with 2.2 months supply of homes. Corona virus impacted home inventory, months supply of homes, new listings, closed sales negatively. Lack of inventory caused home prices and pending sales to increase.

Indian Land Real Estate Report: May 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 for May 2020. The Indian Land housing market remains a seller’s market with just 2.2 months supply of inventory overall, down 40.5% from 3.7 months in May 2019. Housing inventory was down 31.7% in May, overall, with resale inventory down 27.3% and new construction inventory down 48.4%. New construction saw a decrease of 73% in the months supply of inventory down to 1.7 months compared with 6.3 months in May 2019.

Both average and median sale prices increased year-over-year in May to $353,767 and $347,533, respectively. Average sale prices increased 2.7% year-over-year and median sale prices increased 10.3% year-over-year. Average sale prices also increased month-over-month, as did median sale prices. New construction prices were about $88,000 higher, on average, than resale home prices, increasing 14.6% year-over-year.

Closed sales decreased in May by 25.8% year-over-year. Pending sales increased 15.0% year-over-year. A 111.1% increase in home showings in Lancaster County in May 2020 versus April 2020 helped put those pending sales up. With a year-over-year increase in Lancaster County home showings of 4.1% it’s clear buyer demand for homes is high.

Average days on market increased to 55 days (up 14 days year-over-year).  Median days on market were 11 days (down 4 days year-over-year) and down 1 day month-over-month. 

With home sellers receiving 98.7% of asking price in sale price, the negotiating opportunity for home buyers in Indian Land was negligible in May.

 

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

 

                                        

Indian Land Housing Market Highlights: May 2020 vs May 2019

Indian Land (29707 Zip Code) Real Estate Update May 2020

Median Home Price Trends In Indian Land

 

Find Your Indian Land Dream Home

 

 14 HOT INDIAN LAND NEIGHBORHOODS 

 

Hot Neighborhoods In Indian Land SC

 

FIND YOUR INDIAN LAND DREAM HOME HERE

Find Your Dream Home at www.GreatHomesInCharlotte.com

 

And don’t miss out on the newest home listings in Indian Land. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in the 29707 zip code.

 


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

 

What’s Your Indian Land Home Worth?

Wondering what your Indian Land  home is worth in today’s market? Find out by clicking on the picture below.  

If you’re thinking about selling your Indian Land area home, let’s get together and discuss the supply conditions in your neighborhood 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 this information 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


 

Search Indian Land Homes For Sale

Previous Indian Land Housing Market Updates

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 by Nina 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.

 

If you’re considering selling or purchasing a home 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.”

 

Great Homes In Charlotte


 

[brew-blog-toc]