Indian Land, SC Housing Market Report & Video:
December 2018
Indian Land, SC housing market (29707 zip code) update for December 2018. The Indian Land housing market remains a seller’s market with just 2.7 months supply of inventory despite an increase in new listings. Overall inventory was down 7.5%; resale home inventory was down even more 18.2%. Although the average sale price of Indian Land homes dropped in December 2018 it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. And price per square foot increased during the month.
- Average sale price of Indian Land area homes decreased in December 2018 by 7.5% to $331,321 compared with the same period one year ago.
- Median sale price for Indian Land area homes in December also increased 16.5% versus one year ago to $285,000.
- Average days on market for property listings in Indian Land were 50 days (up 15 days compared with one year ago). However average days on market in December were down 13 days versus the prior month of November.
- Median days on market stood at 14 days in December 2018 (down days compared with one year ago). Median days on market dropped by 16 days versus November 2018.
- Average price per square foot for Indian Land area homes was $138/square foot (up 8.7%) in December 2018 versus the same period in 2017.
- Pending sales in the Indian Land area were up 1.8% in December 2018 versus the same month last year.
- Closed sales in the Indian Land area area decreased 23.8% in December 2018 compared with the same month one year ago.
- New listings in the Indian Land area decreased 15.8% versus December 2017.
- Months supply of inventory remained low at 2.7 months, down 15.6%. Overall, housing inventory was down 7.5% in December 2018 compared with December 2017.
- Median percent of original list price that sellers received for their homes was 97.8%, showing relatively little negotiating room in the 29707 zip code for Indian Land area homes. And it’s a full percentage point higher than just one month ago.
- Average sale price for new construction homes in the Indian Land area was $383,461. Average sale price of new construction homes was just over $62,000 higher than that of resale homes in December 2018 versus the same month one year ago. Resale inventory remains very tight and was down 18.2% in December 2018.
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This Charlotte, North Carolina real estate monthly update for Indian Land, South Carolina is brought to you by Nina Hollander and Carolinas Realty Partners,Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Indian Land specialists. We've been opening doors for Indian Land home buyers and sellers for 20 years!
If you're considering selling or purchasing a home in Indian Land or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, toexceed your expectations, and to show you how:
"The Right Broker Makes All The Difference."
CHECK OUT THE 10 HOTTEST INDIAN LAND NEIGHBORHOODS TO BE WATCHING
Previous Indian Land, SC Housing Market Updates:
Indian Land Housing Market Update: November 2018
Indian Land Housing Market Update: October 2018
Indian Land Housing Market Update: September 2018
Indian Land Housing Market Update: August 2018
Indian Land Housing Market Update: July 2018
Indian Land Housing Market Update: June 2018
Indian Land Housing Market Update: May 2018
Indian Land Housing Market Update: April 2018
Indian Land Housing Market Update: March 2018
Indian Land Housing Market Update: February 2018
Indian Land Housing Market Update: January 2018
Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/indian-land-housing-update-december-2018/
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