Indian Trail Real Estate October 2020

Latest news on Indian Trail real estate in October 2020 and what it means for you…

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge appears to have recovered from the initial effects of the pandemic. Closed sales and home prices increased over October 2019, while days on market and inventory dropped year-over-year. Housing inventory is razor-thin and Indian Trail will need a significant increase in inventory to maintain this pace of home sales in the coming months. No doubt there’s plenty of pent-up buyer demand for Indian Trail area homes.

 

Average home prices increased 15.5% to $305,444 in October 2020 compared with the same month one year ago. Median home prices increased 14.6% to $300,000 year-over-year. Price per square foot averaged $139 (up $15/square foot), increasing 12.1% year-over-year.

 

The months supply of homes for sale dropped to 1.1 months (down 54.2% from 2.4 months in October 2019). Inventory of homes also dropped 52% compared with the same month one year ago. New listings increased in October — by 14% compared with the same time frame one year ago.

 

Closed sales in October increased 2.6% year-over-year, while pending sales increased 32.4%. The low inventory along with higher home prices and pending sales are a testament to the recovery of the Indian Trail housing market after a dismal performance in the first couple of months of the pandemic.

 

Average days on market were 26 (down 7 days year-over-year).  Median days on market were 8 (down 7 days year-over-year) in October. This, too, speaks to pent-up buyer demand and a continued recovery for the Indian Trail housing market in October 2020.

 

At a median selling price of 100% of list price (up 2.2% from October 2019), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail’s hottest communities.

 

 

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

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE. 

 

 

 MORE DETAILS ABOUT INDIAN TRAIL’S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING’S HOUSING MARKET PERFORMANCE

 

 

 Indian Trail Area Real Estate Highlights

October 2020 versus October 2019

 

 

Indian Trail, NC is ranked as one of America’s 50 Top Small Cities To Live In

CHECK OUT THE…

11 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

 

 

 

And did you know that Indian Trail’s Porter Ridge Middle School is ranked in the top 20 middle schools in the Charlotte metro area?

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

 

WONDERING WHAT YOUR INDIAN TRAIL, NC HOME IS WORTH?

 

 

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

 

 

 Median Home Sale Price Trends For 28079 Zip Code 

 

 

 

 Median Home Sale Prices Trends For: Indian Trail, Stallings, Hemby Bridge

 

 

 

This Charlotte, North Carolina monthly update for Indian Trail real estate in the 28079 zip code is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Indian Trail specialist. I’ve been opening doors for Indian Trail area home buyers and sellers since 1999.

 

If you’re considering selling or purchasing a home in the Indian Trail area or anywhere in the 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.”