Indian Trail area (28079 zip code which includes the towns of Indian Trail, Stallings, Hemby Bridge) remained a seller’s market with just 1.8 months supply of homes in January 2020 and housing inventory down 22.2%. Home prices were up significantly. Clearly, there’s no slowdown in the demand for Indian Trail homes. Check out the hottest selling neighborhoods in Indian Trail.
Indian Trail (28079 Zip Code) Real Estate Report: January 2020
Latest news on the Indian Trail real estate market and what it means for you…
Indian Trail real estate report for January 2020. The Indian Trail, NC area also includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County in the 28079 zip code. With low inventory, low days on market, and higher home sale prices, Indian Trail remained predominantly a seller’s market in January.
The Indian Trail area experienced increases in both average and median home sale prices in January 2020 compared with the same month in 2019. Average home prices increased 18.6% to $293,736, while median home prices increased 17.5% to $295,000 year-over-year. Price per square foot averaged $127, increasing 4.1% year-over-year.
The months supply of homes for sale dropped to 1.8 months (down from 2.5 months in January 2019). The months supply of homes also dropped month-over-month from 1.9 months in December 2019. Inventory of homes also dropped 22.2% compared with the same month one year ago.
New listings increased slightly in January — by 3.3% compared with the same time frame one year ago. Closed sales in January were flat year-over-year, while pending sales increased 30%.
Average days on market were 51 and median days on market were 17 (down 2 days year-over-year) in January. It’s clear that Indian Trail homes continue to sell quickly.
At a median selling price of 97.4% of list price, Indian Trail buyers should expect minimal room to negotiate, especially in Indian Trail’s hottest communities where the discount hovered around 99%.
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Whether You’re Buying Or Selling An Indian Trail Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina real estate monthly update for Indian Trail is provided byNina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Indian Trail area specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Indian Trail area home buyers and sellers for 20+ years.
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 how: