Indian Land, SC Real Estate Report & Housing Market Snapshot: March 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 March 2020. The Indian Land housing market remains a seller's market with just 2.4 months supply of inventory overall, down 25% from 3.2 months in March 2019. Housing inventory was down 13.7% in March, overall, with resale inventory down 11.6%. New construction inventory decreased 28.7% year-over-year.
Both average and median sale prices increased in March to $337,013 and $325,028, respectively. Average sale prices increased 15.2% year-over-year and median sale prices increased 6.3% year-over-year.
Closed sales increased in March, up 12.5% year-over-year. Pending sales dropped 13.6% versus March 2019.
Average days on market dropped to 49 days (down14 days year-over-year) and were down 6 days month-over-month. Median days on market were 20 days (down 23 days year-over-year) and down 22 days month-over-month.
With home sellers receiving 98.7% of asking price in sale price (up 1.8% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in March 2020.
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Indian Land Housing Market Highlights
March 2020 Versus March 2019
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MEDIAN HOME PRICE TRENDS IN INDIAN LAND, SC
This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, 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:
Previous Indian Land, SC Housing Market Updates:
Original blog post can be read at: www.GreatHomesInCharlotte.com