Indian Trail Real Estate February 2021

 

Latest news on the Indian Trail real estate market in February 2021 and what it means for you…

Indian Trail area (28079 zip code) real estate, which includes the towns of Indian Trail, Stallings, Hemby Bridge has totally recovered from the effects of the pandemic. Home prices increased over February 2020, while days on market and inventory dropped significantly year-over-year. Lack of inventory has caused a drop in closed and pending sales.

 

Average home prices increased 18.1% to $330,316 in February 2021 compared with the same month one year ago. Median home prices increased 14.7% to $323,000 year-over-year.  Price per square foot averaged $147 (up $20/square foot), increasing 15.7% year-over-year.

 

The months supply of homes for sale dropped to 0.6 months (down 70% from 2 months in February 2020). Inventory of homes also dropped 68.7% compared with the same month one year ago. New listings decreased in February — by 34.5% compared with the same time frame one year ago.

 

Closed sales in February decreased 23.3%, while pending sales decreased 15.3%. With so little inventory, it’s no wonder that neither closed nor pending sales increased in February.

 

The low inventory together with higher home prices and pending sales are a testament to the recovery of the Indian Trail housing market after a dismal performance in the first couple of months of the pandemic.

 

Average days on market were 10 (down 46 days year-over-year).  Median days on market were just 2 (down 26 days year-over-year) in February.  This, too, speaks to pent-up buyer demand and a continued recovery for the Indian Trail housing market in February 2021.

 

At a median selling price of 101.9% of list price (up 3.7% from February 2020), 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?

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE. 

 

 

 MORE DETAILS ABOUT INDIAN TRAIL’S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING’S HOUSING MARKET PERFORMANCE

 

 

 Indian Trail Real Estate

February 2021 versus February 2020 Highlights

 

 

 

 

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

CHECK OUT THE…

9 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

 

 

 

And did you know that Indian Trail’s Porter Ridge Middle School is ranked in the top 20 middle schools in the Charlotte metro area?

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

 

WONDERING WHAT YOUR INDIAN TRAIL, NC HOME IS WORTH?

 

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

 

 Median Home Sale Price Trends For 28079 Zip Code 

 

 

 

 Median Home Sale Prices Trends For: Indian Trail, Stallings, Hemby Bridge

 

 

 

This Charlotte, North Carolina monthly update for Indian Trail real estate in the 28079 zip code is provided by Nina Hollander, Coldwell Banker Realty,  Greater Charlotte area residential real estate expert and Indian Trail specialist. 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 Indian Trail area or anywhere in the 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.”