Indian Trail Real Estate January 2020
Indian Trail real estate January 2020 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 area 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%.
Want to know what this would mean for your family if you decide to buy or sell an Indian Trail area home?
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Indian Trail Real Estate: January 2020 vs January 2019 Highlights
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: 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 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.”
