Indian Trail Real Estate November 2020

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

Indian Trail (28079 zip code) real estate, which includes the towns of Indian Trail, Stallings, Hemby Bridge appears to have recovered from the initial effects of the pandemic earlier in the year. Closed sales and home prices increased over November 2019, while days on market and inventory dropped year-over-year. Housing inventory is razor-thin and Indian Trail will need a significant increase in inventory to maintain this pace of home sales in the coming months. No doubt there’s plenty of pent-up buyer demand for Indian Trail area homes.

 

Average home prices increased 11.7% to $323,225 in November 2020 compared with the same month one year ago. Median home prices increased 9.8% to $316,800 year-over-year. Price per square foot averaged $142 (up $13/square foot), increasing 10.1% year-over-year.

 

The months supply of homes for sale dropped to 1 month (down 56.5% from 2.3 months in November 2019). Inventory of homes also dropped 56% compared with the same month one year ago. New listings increased in November — by 5.6% compared with the same time frame one year ago, which did little to relieve the critical shortage of inventory in the 28079 zip code.

 

Closed sales in November increased 31% year-over-year, while pending sales increased 16.1%. 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 22 (down 11 days year-over-year).  Median days on market were just 2 (down 20 days year-over-year) in November. This, too, speaks to pent-up buyer demand and a continued recovery for the Indian Trail housing market in November 2020.

 

At a median selling price of 100% of list price (up 2.2% from November 2019), 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 

November 2020 versus November 2019 Highlights

 

 

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

CHECK OUT THE…

11 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”

 

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  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 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.”