Indian Trail remained a seller’s market with just 2.2 months of inventory in October 2019. Despite an influx of new listings, which generated large increases in closed and pending sales during the month of October, total inventory was down 16.8% compared with the same month one year ago. And average days on market dropped to 33, down 21 days compared with one year ago. Clearly, there’s no slowdown in the demand for Indian Trail homes as we entered the fall selling season in earnest.
Indian Trail Real Estate Report: October 2019
Latest news on the Indian Trail real estate market and what it means for you…
Indian Trail real estate report/snapshot for October 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.
The Indian Trail area experienced a slight decrease in average (-0.8%) and median (-0.6%) home sale prices in October The months supply of homes for sale dropped to 2.2 months and inventory also dropped by 16.8% compared with the same month one year ago. All this despite an increase in new listings of 23.5%. Nonetheless, the increase in new listings contributed to a substantial increase in both closed and pending sales in October 2019 compared with one year ago.
With just 33 average days (down 21 days versus one year ago) on market and 19 median days (down 4 days) on market in October it’s clear that Indian Trail homes are selling quickly and about as quickly as new homes come on the market. At a median selling price of 97.7% of list price, buyers have 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: