indian land housing market update 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.