Indian Trail Real Estate January 2020

Indian Trail real estate January 2020  includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County in the 28079 zip code. With low inventory, low days on market, and higher home sale prices, Indian Trail area remained predominantly a seller’s market in January.

The Indian Trail area experienced increases in both average and median home sale prices in January 2020 compared with the same month in 2019. Average home prices increased 18.6% to $293,736, while median home prices increased 17.5% to $295,000 year-over-year. Price per square foot averaged $127, increasing 4.1% year-over-year.

The months supply of homes for sale dropped to 1.8 months (down from 2.5 months in January 2019). The months supply of homes also dropped month-over-month from 1.9 months in December 2019. Inventory of homes also dropped 22.2% compared with the same month one year ago.

New listings increased slightly in January — by 3.3% compared with the same time frame one year ago. Closed sales in January were flat year-over-year, while pending sales increased 30%.

Average days on market were 51 and  median days on market were 17 (down 2 days year-over-year) in January. It’s clear that Indian Trail homes continue to sell quickly.

At a median selling price of 97.4% of list price, Indian Trail buyers should expect minimal room to negotiate, especially in Indian Trail’s hottest communities where the discount hovered around 99%.

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. 

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

CHECK OUT THE…

11 HOT INDIAN TRAIL NEIGHBORHOODS TO WATCH

FIND YOUR INDIAN TRAIL DREAM HOME HERE

And don’t miss out on the newest home listings in Indian Trail. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in the 28079 zip code.

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