Indian Trail area (28079 zip code which includes the towns of Indian Trail, Stallings, Hemby Bridge) remained a seller’s market with just 2 months supply of homes in November 2019. Additionally, housing inventory was down, new listings were down, days on market were down. Home prices were up significantly. Clearly, there’s no slowdown in the demand for Indian Trail homes.
Indian Trail (28079 Zip Code) Real Estate Report: November 2019
Latest news on the Indian Trail real estate market and what it means for you…
Indian Trail real estate report/snapshot for November 2019. 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 area experienced increases in both average and median home sale prices in November 2019 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 buyers should expect minimal room to negotiate.
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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: