Indian Trail real estate in June 2022 remained a home seller’s market with both average and median home sale prices increasing year-over-year. Closed sales increased 61.7%. Inventory increased despite a decrease in new listings as buyers pulled back somewhat.

Indian Trail Real Estate Update: June 2022

 

Latest news on the Indian Trail real estate market in June 2022 and what it means for you…

Indian Trail (28079 Zip Code) Real Estate Report

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller’s market in June 2022. In fact, it’s been more than six years since Indian Trail could be considered a balanced market, much less a home buyer’s market. Home sale prices increased 10.1%, on average, year-over-year, and the months supply of homes remained low at 1.2 months. That being said, it’s clear the Indian Trail real estate market showed signs of cooling off in June 2022 when looking at days on market and an increase in inventory despite a decrease in new listings. Another sign of the market cooling somewhat in June 2022 was the foot traffic through home listings, which was down 48.2% year-over-year. It appears that buyer activity is reverting to what we saw in 2019 prior to the onset of the pandemic.

 

Average home prices in Indian Trail increased 10.1% to $413,339 in June 2022 compared with the same month one year ago. Indian Trail home prices were approximately $105,000 higher in June 2022 compared with June 2020.  Median home prices increased 6.8% to $389,990 year-over-year and were $81,000 higher in June 2022 than in June 2020. Clearly, Indian Trail homeowners are sitting on a substantial amount of equity.

 

Price per square foot averaged $190 (up $29/square foot from $161/square foot one year ago).

 

The months supply of homes for sale increased slightly to 1.2 months (up from 1.0 months in June 2021 and down from 1.9 months in June 2020). Month-over-month, the months supply of homes was 0.3 months higher. New listings decreased 11.4%, while inventory of homes increased 26.6% year-over-year. It appears that buyers pulled back somewhat in June 2022 to reassess purchasing plans in the face of increasing mortgage rates and home prices.

 

Average days on market increased 15 days to 22 day in June 2022, further suggesting that buyers pulled back this month. Median days on market increased three days to seven in June 2022. Month-over-month, average days on market dropped by two days, while median days increased by three days.

 

Closed sales in June 2022 increased 61.7% year-over-year, while pending sales decreased 23.3%.

 

At a median selling price of 102.0% of list price, Indian Trail home buyers should still expect minimal room to negotiate, especially in Indian Trail’s hottest selling communities.

 

Want to know what this would mean for your family if you decide to buy or sell an Indian Trail area home?

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

We can help.

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

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 MORE DETAILS ABOUT INDIAN TRAIL’S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING’S HOUSING MARKET PERFORMANCE

 

 Indian Trail Area Housing Market Highlights

June 2022 vs June 2021

Indian Trail NC Real Estate Report For June 2022

 

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

CHECK OUT THE…

10 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

Hottest Selling Indian Trail, NC Neighborhoods

 

 

And did you know that Indian Trail’s Porter Ridge Middle School and Union Prep Academy are ranked in the top 20 middle schools in the Greater Charlotte 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?

 

What's My Home Worth?

 

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

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 Median Home Sale Price Trends For 28079 Zip Code 

 

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

 

This Charlotte, North Carolina real estate monthly update for the Indian Trail area in the 28079 zip code is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, Greater Charlotte residential real estate experts and Indian Trail specialists. 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 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.”

 

 

Search For Indian Trail Area Homes For Sale


Summary
Indian Trail, NC Real Estate Report: June 2022
Article Name
Indian Trail, NC Real Estate Report: June 2022
Description
Indian Trail home buyers pulled back somewhat in June 2022 compared to one year ago. However, Indian Trail remained a home seller's market in June.
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