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What Happened In The Indian Trail, NC Housing Market In November 2016?
November 2016 home sales in Indian Trail, North Carolina area (28079 zip code), which also includes the Towns of Stallings, Hemby, Lake Park continued the positive trends of the year to-date with sale prices increasing, days on market decreasing, available inventory tightening. 
 
The average sale price of Indian Trail area homes increased by 9.8% to just under $244,000 as compared with  the same period one year ago. Average sale price also increased over that of October 2016.
 
Average days on market for property listings dropped by 14 days to 44 days from 58 days just one year ago--a 24.1% improvement over the same period last year. Median days on market also dropped by 44.4% to 15 days in November 2016. 
 
Average price per square foot increased by 7.3% to $103/square foot in November 2016 versus the same period in 2015. Pending sales increased 5.3% in November versus the same month last year, while November closed sales  increased 6.8%.
 
During November 2016, the number of showings until pending contract per listing averaged 18 showings (up 12.5% versus November 2015) and the number of showings per listing averaged 6.4 showings (a 20.8% improvement versus the same time period one year ago). Given the reduced number of available homes for sale, it's not surprising that those homes listed get more "traffic" prior to going under contract.
 
The median percent ... more

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