Indian Trail Real Estate November 2019
Indian Trail Real Estate November 2019 Highlights
Indian Trail real estate November 2019 remained a seller’s market with just 2 months supply of homes. 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, fewer new listings and higher home sale prices, Indian Trail remained predominantly a seller’s market in November.
The Indian Trail real estate November 2019 saw increases in both average and median home sale prices compared with the same month in 2018. Average home prices increased 14.2% to $290,188, while median home prices increased 12.1% to $288,500. Price per square foot also increased to $127/square foot, a $7/square foot increase year-over-year.
The months supply of homes for sale dropped to 2 months (down from 2.7 months in November 2018). The months supply of homes also dropped month-over-month from 2.2 months in October 2019. Inventory of homes also dropped 19.2% compared with the same month one year ago.
New listings decreased 25.7% compared with the same time frame one year ago. Despite a decrease in inventory and the months supply of homes, closed sales in November increased by 8.3% year-over-year. However, pending sales were flat.
With just 34 average days on market and 23 median days on market in November it’s clear that Indian Trail homes continue to sell quickly.
At a median selling price of 98.4% of list price, Indian Trail home buyers should expect minimal room to negotiate.
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 November 2019 Versus November 2018
Indian Trail Real Estate Median Home Price Trends
Find Your Indian Trail Dream Home
Indian Trail, NC is ranked as one of America’s 50 Top Small Cities To Live In
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8 HOT INDIAN TRAIL NEIGHBORHOODS TO WATCH
WHY LIVE IN INDIAN TRAIL?
Indian Trail is situated about 15 miles southeast of Charlotte in Union County. The town’s name, “Indian Trail,” is derived from the Native American path that wound through this area from Petersburg, Virginia, to the Waxhaw Indians, and gold mining. The Indian Trail was founded in 1861 and its first roots are as a farming community. Indian Trail was incorporated as a town in 1907. Indian Trail is now the largest town in Union County. Family Circle Magazine named Indian Trail as one of the 10 Best Places In America To Raise A Family. Indian Trail offers a diverse range of housing options, including single-family homes, townhouses, and apartments. Many Indian Trail neighborhoods feature amenities and well-maintained green spaces, attracting families and young professionals seeking a suburban lifestyle. With its proximity to Charlotte and favorable business climate, Indian Trail has experienced significant economic growth in recent years. The town continues to attract businesses, entrepreneurs, and investors, contributing to its thriving economy and employment opportunities.
The Town of Indian Trail offers numerous community activities to residents, including: a Paws in the Park Festival, 4th of July Parade, Family Fun Day, a Fall Festival, Halloween Spooktacular, Christmas Parade, and more. Lots of civic groups to get involved with in Indian Trail, as well, including Boy Scout, Cub Scout and Girl Scout troops, Lions and Rotary Clubs, and a VFW Post. Indian Trail is home to numerous parks and recreational facilities for residents to enjoy. The Indian Trail Parks and Recreation Department oversees various parks, sports fields, and community centers, providing opportunities for outdoor activities, sports leagues, and cultural events. The Town of Indian Trail sponsors activities for kids, adults, seniors, and families.
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FREE Home Buyer Guide: “Things To Consider When Buying A Home”
What Is Your Indian Trail Area Home Worth?
Wondering what your Indian Trail area home is worth in today’s market? Find out by clicking on the picture below.
If you’re thinking about selling your Indian Trail area home, let’s get together and discuss the supply conditions in your neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.
Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.
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FREE Home Seller Guide: “Things To Consider When Selling Your House”
Previous Indian Trail Real Estate Market Updates
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
Whether You’re Buying Or Selling An Indian Trail Home…
… The Right Broker Makes All The Difference!
This Indian Trail real estate November 2019 update is provided by Nina Hollander with Coldwell Banker Residential Brokerage, 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.”
