Indian Land's Low Inventory Negatively Impacts Sept 2021 Home Sales

By
Real Estate Agent with Coldwell Banker Realty

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

The Indian Land, South Carolina (29707 zip code) housing market remained a home seller's market in September with just 0.9 months supply of inventory overall, down 35.7% from 1.4 months in September 2020 and down from 3.3 months in September 2019. 

 

Housing inventory was down 46.7% in September year-over-year, while new listings decreased 38.5% year-over-year. New construction inventory, long a staple of Indian Land housing, was down 69% year-over-year. 

 

Both average and median sale prices increased in September 2021 to $454,410 and $415,000, respectively. Average home sale prices increased 24.7% year-over-year. Median sale prices increased 16.2% year-over-year.  Average home sale prices have increased approximately $130,000 since August 2019. Median home sale prices have increased by approximately $87,000 since August 2019.

 

Lack of inventory continues to drive home prices up. One indicator of how much demand there is for Indian Land homes versus supply is the number of showings per listed home. In September 2021 listed homes had 12.1 showings on average. This was an increase of 40.7% from 8.6 showings in September 2020, as well as an increase from 5.9 showings per listed home in September 2019.

 

Closed sales decreased in September by 12.6% year-over-year. Pending sales decreased 37.5% versus September 2020. It was just a matter of time before the extreme lack of inventory impacted closed and pending sales in Indian Land. You can't sell what you don't have to sell!

 

Average days on market were 57.8% lower at 19 days (down 26 days year-over-year).  Median days on market were 61.5% lower at 5 days (down 8 days year-over-year and down 19 days versus September 2019). 

 

With home sellers receiving a median 101.5% of asking price in sale price (up 1.8% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in September 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

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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

September 2021 Versus September 2020

Indian Land, SC (29707 Zip Code) Real Estate Report For September 2026

 

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 why experience matters and 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
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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 (18)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

So true, if you dont have it, you can't sell it.  Low Inventory is a challenge.  It's Friday! YAY, thanks again for the post, makee it a productive day.  Sell a House.  Bill Salvatore

Oct 15, 2021 08:57 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and wow, it is a seller market and a good investment in the last year with prices going up.

 

Oct 15, 2021 09:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog hi Bill... that's what I keep saying... "you can't sell what you don't have to sell!"

Oct 15, 2021 09:31 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... Indian Land has been a seller's market for some years now and I don't see that changing any time soon.

Oct 15, 2021 09:32 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, another area with such tight inventory causing home values to skyrocket.  Great report.

Oct 15, 2021 09:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox thanks, Joan... Indian Land was the "land of new construction." It generated huge sales. With new construction moribund right now due to costs and delays in building materials it's really impacting inventory.

Oct 15, 2021 11:54 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

You have once again given a clear explanation of the economic principles as illustrated by Indian Land.  Wishing you a wonderful weekend. A

Oct 15, 2021 12:26 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Oct 15, 2021 12:41 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... Indian Land is much in demand and sadly it's very hard to meet it these days.

Oct 16, 2021 04:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thank you, Roy. Happy Saturday morning... wishing you and Dolores a lovely weekend.

Oct 16, 2021 04:04 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Saturday morning, Nina.

I am going out to do some yard work. We expect a cold front and rainy weather this afternoon.

Oct 16, 2021 04:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley hi Roy... we might have a shower at some point today... but no cold front, although the temperatures will drop from the high 80's into the 70's.

Oct 16, 2021 05:46 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am glad to see that Indian Land is doing well even with the lack of inventory that is a common theme everywhere.

Oct 16, 2021 05:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... so much pent-up demand for the Indian Land/Lancaster area these days.

Oct 16, 2021 05:56 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.

Oct 16, 2021 08:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thanks much, Myrl, for stopping by today. Wishing you a lovely Saturday!

Oct 16, 2021 08:11 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow those are some serious Seller's Market numbers... thank you for sharing Nina...Endre

Oct 16, 2021 11:56 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre... I keep hearing the market is slowing down... but the numbers don't tell me that all.

Oct 17, 2021 04:29 AM