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Indian Land (29707 Zip Code) Monthly Real Estate Report: February 2020
 
Indian Land, SC Real Estate Report & Housing Market Snapshot: February 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 February 2020. The Indian Land housing market remains a seller's market with just 2.1 months supply of inventory overall, down 30% from 3 months in February 2019. Housing inventory was down 17.1% in February, overall, with resale inventory down 33.3% to only 1.4 months of supply. New construction inventory stood 2.8 months. The drop in housing inventory is despite an increase in new listings of 31.3%.
 
Both average and median sale prices increased in Februaryto $340,973 and $329,000, respectively. Average sale prices increased 10.3% year-over-year and median sale prices increased 8.6% year-over-year. Resale home prices increased 9.9% year-over-year.
 
Both closed sales and pending sales increased significantly in February... closed sales by 49.1% and pending sales by 28% versus February 2019. An increase in new listings no doubt contributed to the increased sales.
 
Average days on market decreased to 55 days (down 15 days year-over-year) and decreased 12 days month-over-month.  Median days on market were 42 days (down 8 days year-over-year). 
 
With home sellers receiving 98.1% of asking price in sale price, ... more

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