Indian Trail (28079 Zip Code) Housing Market Update/Video: April 2018

By
Real Estate Agent with Coldwell Banker Realty

 

April 2018 home sales in the 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 the first quarter of 2018 with sale prices increasing, days on market decreasing, available inventory and new listings decreasing, causing a decrease in both pending and closed sales.

 

 

 

 

The average sale price of Indian Trail area homes increased by 4.3% to just over $259,000 as compared with the same period one year ago. 

 

Average days on market for property listings dropped by 9 days to 35 days from 44 days just one year ago--a 20.5% improvement over the same period last year. Median days on market also dropped by 33.3% to 10 days in April 2018. 

 

Average price per square foot increased by 6.6% to $113/square foot in April 2018 versus the same period in 2017. Pending sales increased slightly by 0.5% in April versus the same month last year, while April closed sales  decreased by 11.4%. This is the fourth month in a row with closed sales down by double digits. No doubt the lack of inventory, which was only 2.3 months, contributed to the lackluster pending and closed sales in April 2018.

 

During April 2018, the number of showings until pending contract per listing averaged 16 showings (down 11.1% versus April 2017) and the number of showings per listing averaged 7.7 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  98.5%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 1.4% versus April 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 April 2017). Overall, housing inventory was down 10.2% in April 2018 compared with the same month one year ago.

 

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 height of our spring selling season.

 

 

SEARCH ALL INDIAN TRAIL AREA, NORTH CAROLINA HOMES HERE

 

 

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 PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

Indian Trail Housing Market Update: March 2018

Indian Trail Housing Market Update: February 2018

Indian Trail Housing Market Upate: January 2018

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 

 

   

This Charlotte, North Carolina real estate monthly update for Indian Trail and Stallings, NC in the 28079 zip code is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential experts and Indian Trail 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
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
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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 (12)

Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina Hollander, looks like it's a great time to be a home seller in Indian Trail NC. I hope you'll see an increase in the inventory soon. 

May 01, 2018 04:50 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Nina, Your marekt is swift moving. This is great information for buyers and sellers.

May 01, 2018 06:02 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

May 02, 2018 02:25 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Great maket insight your market will certainly appreciate.

May 02, 2018 03:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Beth Atalay ~ good morning, Beth...it's a good time to be a seller just about any where in the Charlotte metro area! But getting people to list their homes is like pulling teeth without novocaine!

May 02, 2018 04:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debbie Reynolds ~ thanks, Debbie... the market here is indeed moving quickly and too many buyers don't take that to heart until they've lost a home they love.

May 02, 2018 04:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gita Bantwal ~ thanks, Gita, for popping by. Wishing you a wonderful Wednesday!

May 02, 2018 04:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sally K. & David L. Hanson ~ thanks, Sally and David. That pesky thinventory issue just doesn't seem to want to go away!

May 02, 2018 04:11 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for keeping us informed about the real estate market in Indian Trail.

May 03, 2018 05:22 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, Indian Trail offers so much to buyers and sellers, and nice market update for anyone looking for accurate data.

May 03, 2018 07:15 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox ~ thanks, Joan. For most people, market reports are deadly.... I'm trying to adhere to the KISS principle.

May 03, 2018 01:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gabe Sanders ~ hi Gabe... thanks for popping by, and as always, taking time to leave a comment.

May 03, 2018 01:54 PM