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Indian Trail, NC (28079 Zip Code) Housing Market Update/Video-Aug 2018
Indian Trail/28079 Zip Code Housing Market Update & Video: August 2018
August 2018 home sales in the Indian Trail, North Carolina area (28079 zip code), which also includes the Towns of Stallings, Hemby Bridge, and Lake Park in Union County, continued many of the trends we've seen since 2017 and all this year-to-date with closed sales just holding on, days on market decreasing, available inventory decreasing and new listings decreasing.
The average sale price of Indian Trail area homes was just under $265,000 and median sale price was $260,000.
Average days on market for property listings dropped by 5 days  to 26 days--a 16.1% improvement over the same period last year. Median days on market were also low at just 13 days. In other words, homes in the Indian Trail area are selling quickly.
Average price per square foot increased by 9% to $121/square foot in August 2018 versus the same period in 2017. Pending sales were up significantly by 23.4% in August versus the same month last year, while August closed sales increased marginally by 1.1%. No doubt the lack of inventory which dropped 1.6% year-over-year and which was only 2.6 months, contributed to the continued lackluster closed sales in August 2018.
The median percent of original list price that sellers received for their homes was 98.6%, showing minimal negotiating room for ... more

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