What Happened In The Indian Trail, NC Housing Market In January 2018?

By
Real Estate Agent with Coldwell Banker Realty

Indian Trail, NC Housing Market Update September 2016

 

January 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 with sale prices increasing, days on market decreasing, available inventory decreasing, closed and pending sales decreasing due to the continuing lack of inventory.

 

The average sale price of Indian Trail area homes increased by 3.1% to just under $257,000 as compared with the same period one year ago. 

 

Average days on market for property listings dropped by 9 days to 36 days from 45 days just one year ago--a 20.0% improvement over the same period last year. Median days on market also dropped by 33.3% to 10 days in January 2018. 

 

Average price per square foot increased by 4.8% to $110/square foot in January 2018 versus the same period in 2017. Pending sales decreased 8.8% in January versus the same month last year, while January closed sales  decreased by 11.8%. No doubt the lack of inventory, which was only 2.3 months, contributed to the decrease in pending and closed sales in January 2018.

 

During January 2018, the number of showings until pending contract per listing averaged 16 showings (down 11.1% versus January 2017) and the number of showings per listing averaged 8 showings.  Given the reduced number of available homes for sale, it's not surprising that homes for sale receive less "foot traffic" prior to going under contract, as homes are selling so much more quickly.

 

The median percent of original list price that sellers received for their homes was up 0.3% compared with last year at 98.6%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 7.3% versus January 2017 adding additional strain to a high demand market hungry for more inventory. Indian Trail area's months supply of homes stood at 2.3 months (down 8.0% versus January 2017). 

 

It continues to be very much a seller's market in the 28079 zip code and a very competitive environment for home buyers in the Indian Trail area. And this would not appear poised for change as we enter the new year.

 

 

Indian Trail/Stallings Local Housing Market Update - January 2018

 

 

 

 

SEARCH ALL INDIAN TRAIL, NORTH CAROLINA HOMES HERE

 

 

WONDERING WHAT YOUR INDIAN TRAIL/STALLINGS HOME IS WORTH?

  

 

 PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

Indian Trail Housing Market Update: December 2017

Indian Trail Housing Market Update: November 2017

Indian Trail Housing Market Update: October 2017

Indian Trail Housing Market Update: September 2017

Indian Trail Housing Market Update: August 2017

Indian Trail Housing Market Update: July 2017

Indian Trail Housing Market Update, June 2017

Indian Trail Housing Market Update: May 2017

Indian Trail Housing Market Update: April 2017 

 Indian Trail Housing Market Update: March 2017

Indian Trail Housing Market Update: February 2017 

Indian Trail Housing Market Update: January 2017 

 

  

This Charlotte, North Carolina real estate monthly update for Indian Trail and Stallings, NC in the 28079 zip code is brought to you by Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts and Indian Trail area specialists. 

 

If you are considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (14)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, looks like Indian Trail has more affordable homes, and very nice market update.

Feb 07, 2018 06:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox ~ hi Joan... unfortunately getting less affordable by the month as home prices keep escalating.

Feb 07, 2018 07:02 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander, Nina, you come up with great information for your buyers and sellers in your area.

Feb 07, 2018 08:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm ~ hi Will... as one of the TV channels says... we report, you decide. I just report and let people decide.

Feb 07, 2018 08:17 AM
Roy Kelley
Retired - Gaithersburg, MD

This is great information to share with families on the move.

Have an outstanding month.

Feb 07, 2018 08:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley ~ thanks, Roy. I'm having a hard time believing it's one full week into the month already. Just don't know where the time flies.

Feb 07, 2018 10:10 AM
Roy Kelley
Retired - Gaithersburg, MD

Indian Trail home sellers will be in very good hands when they select you as their listing agent.

Feb 10, 2018 07:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley ~ thanks, Roy. I've sold in Indian Trail area for many years, but it's really "hot" now.

Feb 10, 2018 09:02 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The thing that I love most about the Indian Trail report is that I know it signifies the report for Indian Land is right around the corner, haha.

Feb 11, 2018 05:57 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England ~ hi Brian, it is. The problem is that my neighborhood has been essentially without internet service for days... and I'm way behind on a lot of things as a result.

Feb 11, 2018 06:15 AM
Brian England

Oh my, I have been without internet and it is really difficult to deal with.

Feb 11, 2018 06:32 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Dropping nine days isn’t so bad and I know you can bounce back tremendously, because I’ve seen you do it and I have all the faith in you! I know you’re not shaken.

Feb 11, 2018 07:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Laura Cerrano ~ hi Laura... dropping 9 nines in days on market shows just how quickly the market is and how competitive... it is a bit of a shock to many buyers who think they have time to think about a house.

Feb 12, 2018 03:52 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - this should be another strong year and hopefully the supply will increase.

Feb 12, 2018 06:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider ~ hi Grant... we probably have two wild cards in the upcoming year.... fast rising home prices due to lack of inventory and rising interest rates. The combination of the two will start excluding an awful lot of entry level buyers, I'm afraid.

Feb 12, 2018 06:14 AM