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What Happened In The Indian Land, SC Housing Market In December 2017?
 
 
December 2017 homes sales in the Indian Land, South Carolina area of the Charlotte metro region continued the trends we've been seeing since 2016 with both home prices and sales increasing.
 
The average sale price of homes in the Indian Land area (29707 zip code) increased 6.5% to just under $316,000, while average days on market for property listings remained flat at 49 days compared with December 2016. Median days on market were just 22 days in December 2017.
 
Price per square foot also increased by 3.3% to an average of $126/square foot during December. The days when homes in Indian Land in Lancaster County versus adjacent Fort Mill in York County were much less expensive are essentially gone for good.
 
Closed sales of homes in Indian Land were up 1.0% versus the same period last year. Meanwhile, pending sales in December 2017 were up 5.3% versus December 2016. Much of this somewhat anemic performance in closed sales can be attributed to the lack of inventory in homes priced under $235,000 where there are less than two months of inventory and where the number of homes in this price range available for sale were down 20.0% compared with one year ago.
 
The average percent of original list price that sellers received for their ... more

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