housing market update for 28079 zip code

Indian Trail (28079 zip code) real estate report/snapshot for July 2019. Indian Trail, NC area also includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County. The Indian Trail area saw an increase in both average and median home prices year-over-year, as well as month-over-month. Prices continued to increase as the months supply of homes for sale dropped to just 2.3 months (dropping 17.9% versus one year ago) and as inventory dropped 18.7% versus one year ago. Lack of inventory also contributed to a drop in closed sales versus July 2018. Average days on market were down 7 days year-over-year and 11 days month-over-month to 27 days. With 27 average days on market and 13 median days on market in July, it’s clear that Indian Trail homes are selling quickly. At a median selling price of 98.3% of list price, not much room for buyers to negotiate.