Indian Land (29707 Zip Code) Homes Sold In Under 2 Weeks In May 2021!

By
Real Estate Agent with Coldwell Banker Realty

 

Latest news on the Indian Land real estate market in May 2021 and what it means for you...  

 

The Indian Land, South Carolina (29707 zip code) housing market remained a seller's market in May with just 0.7 months supply of inventory overall, down 69.6% from 2.3 months in May 2020 and down from 3.5 months in May 2019. 

 

Housing inventory was down 67.5% in May year-over-year, coupled with a 14.4% decrease in new listings year-over-year. New construction inventory, long a staple of Indian Land housing, was down 63.8% year-over-year. Resale home inventory dropped 56.6% year-over-year.

 

Both average and median sale prices increased in May to $398,744 and $380,000, respectively. Average home sale prices increased 14.4% year-over-year.  Median sale prices increased 8.7% year-over-year.  Average home sale prices also increased month-over-month. Compared to May 2019, average home sale prices increased some $52,000, while median home sale prices increased some $64,000. Lack of inventory continues to drive home prices up. With a 63.8% drop in new construction inventory, average sale prices of new construction homes were about $34,000 higher than for resale homes.

 

Closed sales increased in April by 12.8% year-over-year. Pending sales decreased 26.9% versus May 2020. Lack of inventory impacted pending sales in May. With historically low interest rates continuing to fuel buyer demand in Indian Land and outstripping supply of homes, it's no wonder that pending sales were down in May.

 

Average days on market were 13 days (down 48 days year-over-year and down 7 days month-over-month).  Median days on market were 3 days (down 8 days year-over-year). Because of buyer demand and razor thin inventory, Indian Land homes continued to sell in under two weeks, on average.

 

With home sellers receiving a median 100% of asking price in sale price (up 1.3% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in May 2021.

 

 

  Want to know what this would mean for your family if you decide to buy or sell an Indian Land area home?

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

We can help. Call us today at 704-779-0813 or contact us here.

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 MORE INFORMATION ON THE INDIAN LAND, SC HOUSING MARKET'S PERFORMANCE 

 Indian Land Housing Market Highlights

May 2021 Versus May 2020

Indian Land/29707 Zip Code House Market Highlights For May 2021

 

9 HOT INDIAN LAND NEIGHBORHOODS 

Hot Indian Land Neighborhoods

   

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

Search Indian Land Homes For Sale

 

FREE Home Buyer Guide "Things To Consider When Buying A Home" 

 

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

If you're thinking about selling your Indian Land area home, let's get together and discuss the supply conditions in Indian Land neighborhoods and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

 

Contact us if you'd like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

 

We're happy to provide an expert home value analysis with no obligation on your part.

What's My Indian Land SC Home Worth? 

 FREE Home Seller Guide: "Things To Consider When Selling Your House"

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

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:

 "The Right Broker Makes All The Difference."

 

 

 

Read the original blog post at www.GreatHomesInCharlotte.com 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (23)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog hi Bill... I've said it before... our inventory levels are on life support these days!

Jun 16, 2021 05:25 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Whether you are a seller or a buyer, you need a professional to guide you 

Jun 16, 2021 05:26 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - I have heard some speculation (only speculation) that the opening up will ease the shortage.  We'll see.  Still need to build more.

Jun 16, 2021 05:28 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Whether a buyer or seller of Indian Land, you need a knowledgeable agent for best results. I nominate you. Enjoy your day.

Jun 16, 2021 05:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin no doubt about that, Wayne... different "issues" but it's complex for both sides of that coin these days.

Jun 16, 2021 06:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... I haven't heard much talk about that. I've only had one client who delayed listing due to the pandemic. And I've had none who delayed purchasing because of the pandemic. As you said... we'll see.

Jun 16, 2021 06:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... you know what? I'll accept that nomination of yours!

Jun 16, 2021 06:53 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina! So much activity and so little supply. Keep up the good work.

Jun 16, 2021 07:12 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

And I am joining /seconding Wayne Martin 's nomination of you.  Happy Wednesday!  Cheers, A

Jun 16, 2021 07:25 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, your inventory sure doesn't look like it is changing.   Great market update for Indian Land.

Jun 16, 2021 07:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky... thank you. Indian Land is a tough market right now in which to find a home. Lots of frustrated buyers.

Jun 16, 2021 08:25 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thank you, Alexandra! Appreciate the "support." I'll accept your nomination, as well!

Jun 16, 2021 08:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Indian Land remains a very challenging market for home buyers and I don't see it changing much in the near term.

Jun 16, 2021 08:27 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will love your outstanding local real estate reports.

Jun 16, 2021 08:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thank you, Roy, as always for stopping by. Trust you've had a good week thus far.

Jun 16, 2021 10:07 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander, Broker - Buyer for Indian Land property would really benefit from your assistance. Low inventory is when we really earn our money. 

Jun 16, 2021 01:48 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... very tough time to be a buyer in the Charlotte area right now... and being an agent for them is no picnic either.

Jun 16, 2021 01:57 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

Great information for buyers so they know what they are up against. Those are some pretty dramatic statistics...not unlike what we have seen. The price changes are most impressive!

Jeff

Jun 16, 2021 05:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeff Dowler, CRS good morning, Jeff... every buyer agent I speak with tells me his/her clients are totally gob-smacked by prices and the competition.

Jun 17, 2021 03:56 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Indian Land home buyers and sellers are sure to value your real estate market report, Nina.

Jun 18, 2021 06:53 PM