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

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%.