Indian Trail Real Estate February 2020
Indian Trail Real Estate February 2020 Report
Indian Trail real estate includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County in the 28079 zip code. With lower inventory, fewer days on market and fewer months supply of inventory, Indian Trail remained predominantly a seller’s market in February.
The Indian Trail area experienced small decreases in both average and median home sale prices in February 2020 compared with the same month in 2019. Average home prices decreased 2.5% to $274,163, while median home prices decreased 1.1% to $279,500 year-over-year. The small decrease in home prices is less reflective of a diminution in home values than of the price mix of homes that sold in February.
Price per square foot averaged $127 (up $11/square foot), increasing 9.5% year-over-year.
The months supply of homes for sale dropped to 1.6 months (down 36% from 2.5 months in February 2019). The months supply of homes also dropped month-over-month from 1.8 months in January 2020. Inventory of homes also dropped 27.4% compared with the same month one year ago.
New listings increased slightly in February — by 6.6% compared with the same time frame one year ago. Closed sales in February increased 40% year-over-year, while pending sales increased 19%.
Average days on market were 59 (down 7 days) and median days on market were 32 (down 27 days year-over-year) in February. Indian Trail homes continue to sell quickly.
At a median selling price of 98.2% of list price, Indian Trail buyers should expect minimal room to negotiate, especially in Indian Trail’s hottest communities where the list to sale price ratio hovered around 99%.
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Indian Trail Real Estate February 2020 vs February 2019 Highlights
Median Home Price Trends In Indian Trail Area
Indian Trail, NC is ranked as one of America’s 50 Top Small Cities To Live In
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Previous Indian Trail Real Estate Updates
Indian Trail Housing Market Update: January 2019
Indian Trail Housing Market Update: December 2019
Indian Trail Housing Market Update: November 2019
Indian Trail Housing Market Update: October 2019
Indian Trail Housing Market Update: September 2019
Indian Trail Housing Market Update: August 2019
Indian Trail Housing Market Update: July 2019
Indian Trail Housing Market Update: June 2019
Indian Trail Housing Market Update: May 2019
Indian Trail Housing Market Update: April 2019
Indian Trail Housing Market Update: March 2019
Indian Trail Housing Market Update: February 2019
Whether You’re Buying Or Selling An Indian Trail Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina monthly update for Indian Trail real estate is provided by Nina Hollander with Coldwell Banker Realty, Indian Trail area specialist and Greater Charlotte area residential real estate expert. 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 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.”
