Indian Land Real Estate Report: January 2020
Indian Land, SC (29707 zip code) real estate report for January 2020. The Indian Land housing market remained a seller’s market with just 2.1 months supply of inventory overall, despite more homes listed for sale in the month of January 2020. Resale inventory is razor-thin at just 1.5 months. Average and median home sale prices up year-over-year.
Indian Land Real Estate Report: January 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/snapshot for January 2020. The Indian Land housing market remains a seller’s market with just 2.1 months supply of inventory overall, down a full month from 3.1 months in January 2019. Housing inventory was down 19.4% in January, overall, with resale inventory at only 1.5 months of supply. New construction inventory stood 2.3 months, down from 3.1 months of supply in the prior month of December. Whether you’re looking a resale or new construction inventory, it’s razor-thin.
Both average and median sale prices increased in January to $326,689 and $335,000, respectively. Average sale prices increased 0.9% year-over-year and median sale prices increased 4.9% year-over-year.
Both closed sales and pending sales increased significantly in January… closed sales by 10.9% and pending sales by 50.7% versus January 2019.
Average days on market increased to 67 days (up 16 days year-over-year), but decreased 13 days from December 2019. Median days on market were 42 days (increased 16 days year-over-year), but down 6 days from December 2019. New construction throughout Indian Land keeps the cumulative days on market somewhat higher.
At an average sale price of $384,975 new construction homes sold at a $76,000+ premium over resale homes in January 2020. With home sellers receiving 97.1% of asking price in sale price, there was a small negotiating opportunity for home buyers.
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Indian Land Housing Market Highlights: January 2020 vs January 2019
Median Home Price Trends In Indian Land
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Previous Indian Land Housing Market Updates
Indian Land Housing Market Update: December 2020
Indian Land Housing Market Update: November 2019
Indian Land Housing Market Update: October 2019
Indian Land Housing Market Update: September 2019
Indian Land Housing Market Update: August 2019
Indian Land Housing Market Update: July 2019
Indian Land Housing Market Update: June 2019
Indian Land Housing Market Update: May 2019
Indian Land Housing Market Update: April 2019
Indian Land Housing Market Update: March 2019
Indian Land Housing Market Update: February 2019
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.”
