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Indian Trail, NC/28079 Zip Code Housing Market Update: March 2018
 
March 2018 home sales in Indian Trail, North Carolina area (28079 zip code), which also includes the Towns of Stallings, Hemby, and Lake Park in Union County, continued the trends we saw throughout 2017 and in the first two months of 2018 with sale prices increasing, days on market decreasing, available inventory and new listings decreasing, causing a decrease in closed and pending sales.
 
 
The average sale price of Indian Trail area homes increased by 4.0% to just under $258,000 as compared with the same period one year ago. 
 
Average days on market for property listings dropped by 7 days to 37 days from 44 days just one year ago--a 15.9% improvement over the same period last year. Median days on market also dropped by 21.4% to 11 days in March 2018. 
 
Average price per square foot increased by 5.7% to $112/square foot in March 2018 versus the same period in 2017. Pending sales decreased 5.9% in March versus the same month last year, while March closed sales  decreased by 16.1%. This is the third month in a row with closed sales down by double digits. No doubt the lack of inventory, which was only 2.4 months, contributed to the decrease in pending and closed sales in March 2018.
 
During March 2018, the number of showings until pending contract per listing averaged 16 showings (down 11.1% versus ... more

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