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What Happened In Indian Land, SC's (29707) Housing Market In May 2019

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

June 10, 2019 08:41 AM

Indian Land, SC Housing Market Report:

May 2019

The Indian Land (29707 zip code in Lancaster County, SC) housing market remains a seller’s market with just 3.3 months supply of inventory overall, but with only 2.4 months supply of resale homes. While new listings increased 10.1%, new listings of resale homes fell by 9.7%. Moreover, resale home inventory dropped 30.3% in May. Both the average and median sale prices of Indian Land homes increased in May 2019, with new construction homes selling at about $20,000 more, on average, than resale homes. With home sellers receiving 98.1% of list price, there's definitely not much room for buyers to negotiate. Both closed sales and pending sales increased in May compared with the same month one year ago.

MORE INFORMATION + VIDEO ON THE INDIAN LAND, SC HOUSING MARKET'S PERFORMANCE IN MAY 2019

13 HOT INDIAN LAND NEIGHBORHOODS TO WATCH

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

WONDERING WHAT YOUR INDIAN LAND, SC AREA HOME IS WORTH?

For Your FREE Spring 2019 Home Buyer Guide "Things To Consider When Buying A Home," click here.

This Charlotte, North Carolina real estate monthly update for Indian Land, South Carolina is provided 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, to exceed your expectations, and to show you how:

"The Right Broker Makes All The Difference."

Previous Indian Land, SC Housing Market Updates:

Indian Land Housing Market Update: April 2019

Indian Land Housing Market Update: March 2019

Indian Land Housing Market Update: February 2019

Indian Land Housing Market Update: January 2019

Indian Land Housing Market Update: December 2018

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

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Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Hi Nina - your Indian Land stats a interesting. One thing you have down there is lots of new construction.

Jun 10, 2019 08:59 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Grant Schneider hi Grant... with so little resale inventory, people have to turn to new construction and new construction in Indian Land is bonkers!

Jun 10, 2019 09:03 AM

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another interesting report and like Grant Schneider I noticed the new construction. Have a great week. A

Jun 10, 2019 09:04 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... overall much of the Charlotte region is awash in new construction... Indian Land, especially. 20 years ago there's wasn't anything there but double-wides and horse farms! Now it's a sizzling hot bedroom community for Charlotte.

Jun 10, 2019 09:20 AM

Roy Kelley

Retired - Gaithersburg, MD

Thank you very much, Nina, for sharing your excellent local market reports.

Jun 10, 2019 10:18 AM

Nina Hollander, Broker

Charlotte, NC

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

Looks like things are good in my favorite area of Indian Land! I hope that your day is going well my friend!

Jun 10, 2019 10:43 AM

Roy Kelley

Gaithersburg, MD

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Brian England hi Brian... things in Indian Land are popping like mad! Trust your day is going well, too.

Jun 10, 2019 11:03 AM

Brian England

Gilbert, AZ

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Roy Kelley thanks, Roy...always nice to have you take time to stop by.

Jun 10, 2019 11:04 AM

Sheri Sperry - MCNE®

Coldwell Banker Realty - Sedona, AZ

(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - You got it going on in Indian Land. Our new construction is offering big incentives to compete with resale.

Jun 10, 2019 11:30 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... builders here are doing incentives, but nothing crazy... we have so little resale inventory that the competition is not huge.

Jun 10, 2019 11:56 AM

Amanda S. Davidson

Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA

Alexandria Virginia Homes For Sale

Nina, Indian Land is another area you know like the back of your hand. Nothing like new construction and it sure looks like they're building away in Indian Land. Buyers and sellers who contact you will receive the highest level of expertise and best service.

Jun 10, 2019 12:18 PM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Amanda S. Davidson hi Amanda, I've lived about a half mile from the SC border and Indian Land since 2001. So I've been selling there and in Ballantyne when many agents in town didn't have a clue how to get here!

Jun 11, 2019 03:53 AM

Roy Kelley

Retired - Gaithersburg, MD

Good Tuesday morning, Nina.

Have a great day and an outstanding week.

Jun 11, 2019 08:01 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Roy Kelley good Tuesday morning to you, Roy! We have a lovely, lovely day in Charlotte... sunny, not too hot, and no humidity! A perfect summer day.

Jun 11, 2019 08:04 AM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

You're the expert Nina of the Indian Land Real Estate marke,t and buyers need to be ready, willing and able if they want to purchase in the area.

Jun 11, 2019 08:05 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thanks, Sheila and Larry... no doubt about needing to be ready, willing, and able in Indian Land... especially if the buyer is looking for an affordable resale home.

Jun 11, 2019 08:09 AM

Debb Janes

Nature As Neighbors - Camas, WA

Put My Love of Nature At Work for You

Indian Land appears to be another market where buyers need to be on their toes to get an offer accepted. Have a great day, Nina. D

Jun 11, 2019 08:11 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... the Indian Land market is really sizzling and affordable resale homes are scarce. You snooze, you lose. Wishing you both a lovely Tuesday!

Jun 11, 2019 08:15 AM

Carol Williams

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA

Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Even with inventory being up, it's still not enough to fill the demand, is it? Prices still going up!

Jun 11, 2019 10:09 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Carol Williams hi Carol... the problem is that resale inventory is going down. It's all an increase in new construction, which is more expensive than resale and not everyone can wait months to move into a house.

Jun 11, 2019 11:02 AM