29707 zip code real estate

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

By

Indian Land SC Housing Market Snapshot September 2019

Indian Land, SC (29707 zip code) real estate report/snapshot for September 2019. The Indian Land housing market remains a seller’s market with just 3.1 months supply of inventory overall, but with only a 2.1 months supply of resale homes. In September it seemed to be all about new construction in Indian Land… closed and pending sales sales, inventory, days on market, new listings were up because of new construction. Inventory and closed sales of resale homes were both down compared with one year ago. With home sellers getting 98.4% of selling price, minimal room for buyers to negotiate.

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

By

Indian Land Housing Market Snapshot August 2019

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.

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

By

Indian Land Housing Market Snapshot July 2019

Indian Land, SC (29707 zip code) real estate report/snapshot for July 2019. The Indian Land housing market remains a seller’s market with just 3.2 months supply of inventory overall, but with only a 2.1 months supply of resale homes. While new listings increased 3.8%, most of the increase was from new construction, as resale inventory dropped 26.6% year-over-year. Average sale prices in July 2019 increased 5.7%, while the median sale price of Indian Land homes increased 7.6% in July 2019, with new construction homes selling at about $97,000 more on average than resale homes. With home sellers getting 98.7% of selling price, not much room for buyers to negotiate. Pending sales increased almost 9.8% year-over-year, while closed sales increased 8.8%.

Indian Land Housing Update/Video: June 2019

By

Indian Land Housing Report June 2019

Indian Land, SC housing market (29707 zip code) update for June 2019. The Indian Land housing market remains a seller’s market with just 3.1 months supply of inventory overall, but with only 2.1 months supply of resale homes. While new listings increased 4%, most of the increase was from new construction. Moreover, resale home inventory dropped 28.7% in June versus the same month one year ago. Average sale prices in June were relatively flat, while the median sale price of Indian Land homes increased 6.8% in June 2019, with new construction homes selling at about $40,000 more on average than resale homes. With home sellers getting 97.9% of selling price, not much room for buyers to negotiate. Pending sales increased almost 29% year-over-year, while closed sales were down 3%, most likely due to lack of resale inventory.

Indian Land Housing Update/Video: May 2019

By

Indian Land Housing Market Snapshot May 2019

Indian Land, SC housing market (29707 zip code) update for May 2019. The Indian Land housing market remains a seller’s market with just 3.3 months supply of inventory overall, but with only 2.4 months supply of resale homes. While new listings increased 10.1%, new listings of resale homes fell by 9.7%. Moreover, resale home inventory dropped 30.3% in May. Both the average and median sale price of Indian Land homes increased in May 2019, with new construction homes selling at about $20,000 more on average than resale homes. With home sellers getting 98.1% of selling price, not much room for buyers to negotiate. Both closed sales and pending sales increased in May compared with the same month one year ago.

Indian Land Housing Update/Video: April 2019

By

Indian Land SC Housing Market Snapshot April 2019

Indian Land, SC housing market (29707 zip code) update for April 2019. The Indian Land housing market remains a seller’s market with just 2.9 months supply of inventory overall, but with only 2.2 months supply of resale homes. Both the average and median sale price of Indian Land homes increased in April 2019. New construction homes sold at about $9,000 more on average than resale homes. Resale home inventory dropped by 20.3% in April, clearly impacting both closed and pending sales which were flat and up 0.9% respectively. With home sellers getting 98.1% of selling price, not much room for buyers to negotiate.

Indian Land Housing Update/Video: March 2019

By

Indian Land Housing Report March 2019

Indian Land, SC housing market (29707 zip code) update for March 2019. The Indian Land housing market remains a seller’s market with 3 months supply of inventory overall, but with just 2 months supply of resale homes. Although the average sale price of Indian Land homes dropped in March 2019, it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. And the median price of homes sold increased by almost 6%. New construction homes sold at about $53,000 more on average than resale homes. The drop in closed and pending sales is to some degree a result of lack of inventory — inventory of resale homes dropped 22.4% compared with the same month on year ago.

Indian Land Housing Update/Video: February 2019

By

Indian Land Housing Market Report February 2019

Indian Land, SC housing market (29707 zip code) update for February 2019. The Indian Land housing market remains a seller’s market with just 2.4 months supply of inventory. Although the average sale price of Indian Land homes dropped a bit in February 2019, it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. New construction homes sold at about $75,000 more on average than resale homes. Days on market were also lower in February 2019 compared with February 2018. The drop in closed and pending sales is to some degree a result of lack of inventory — new listings dropped 19.5% year-over-year overall and 32.2% for resale homes.

Indian Land Housing Update/Video: January 2019

By

Indian Land Housing Market Report

Indian Land, SC housing market (29707 zip code) update for January 2019. The Indian Land housing market remains a seller’s market with just 2.9 months supply of inventory despite a 5.7% increase in new listings. Although the average sale price of Indian Land homes dropped in January 2019 it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. New construction homes sold at about $10,000 more on average than in the previous month of December 2018. Days on market were also lower in January 2019 compared with January 2018.

Indian Land Housing Update/Video: December 2018

By

Indian Land, SC housing market (29707 zip code) update for December 2018. The Indian Land housing market remains a seller’s market with just 2.7 months supply of inventory despite an increase in new listings. Overall inventory was down 7.5%; resale home inventory was down even more 18.2%. Although the average sale price of Indian Land homes dropped in December 2018 it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. And price per square foot increased during the month.