Indian Trail Real Estate May 2020

Indian Trail Real Estate May 2020 Report


Latest news on the Indian Trail real estate market and what it means for you…

Indian Trail real estate report for May 2020. The Indian Trail, NC area includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County in the 28079 zip code. Corona virus restrictions impacted the Indian Trail housing market in May as evidenced by lower inventory, fewer months supply of inventory, fewer new listings. Closing and pending sales also dropped.


Average home prices increased 10% to $307,962 in May 2020 compared with the same month one year ago and also rose month-over-month. Median home prices were increased 7.5% year-over-year to $299,950 and also increased month-over-month. Price per square foot averaged $138 (up $15/square foot), increasing 12.2% year-over-year.


The months supply of homes for sale dropped to 1.6 months (down 38.5% from 2.6 months in May 2019). Inventory of homes also dropped 36% compared with the same month one year ago. New listings decreased in May — by 30.3% compared with the same time frame one year ago. May would typically be a month when we see these numbers go up for the spring selling season.


Closed sales in May decreased 44.2% year-over-year, while pending sales decreased 10.5%. While home showings in May improved over April’s showings (836 showings versus 415 in April 2020), they were still lower than the 1,116 showings in May 2019. Between the lack of inventory and lower showings, it’s not surprising that sales were down.


Average days on market were 55 (up 22 days year-over-year).  Median days on market were 16 (up 7 days year-over-year) in May. 


At a median selling price of 99% of list price, 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?

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Indian Trail Real Estate May 2020 vs May 2019 Highlights

Indian Trail (28079 Zip Code) Housing Market Update May 2020



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




Hot Indian Trail NC Neighborhoods




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Previous Indian Trail Housing Market Updates

Indian Trail Housing Market Update: April 2020

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.”


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