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This Month In Real Estate: Indian Trail, NC (28079 Zip Code) Sept 2018
 
Indian Trail/28079 Zip Code Housing Market Update & Video: September 2018
 
September 2018 home sales in the Indian Trail, North Carolina area (28079 zip code), which 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 pending and closed sales suffering due to lack of affordable inventory, new listings decreasing, and home prices increasing.
 
 
 
The average sale price of Indian Trail area homes was just under $262,000, increasing by 1.6%, while the median sale price was just over $249,000, increasing by 2%, year-over-year.
 
Average days on market for property listings were 38 days--up 12 days over the same period last year. Median days on market were 19 days. On the whole, despite an increase in days on market, homes in the Indian Trail area sold quickly in September.
 
Average price per square foot increased by 8.9% to $122/square foot in September 2018 versus the same period one year ago. Pending sales were up down 12.3% in September versus the same month last year, while September closed sales decreased 26.4%. No doubt the lack of inventory which was only 2.6 months, contributed to the lackluster closed sales in September 2018.
 
The median percent of original list price that sellers received for their homes was 98.3%, showing minimal negotiating room for Indian Trail/Stallings area homes.
 
New listings decreased ... more

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