Indian Trail Homes Sold Quickly In June 2021. Just 8 Days On Market

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Indian Trail real estate market in June 2021 and what it means for you...

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge has totally recovered from the effects of the pandemic and is without doubt a home seller's market. Home prices increased by double digits over June 2020, while days on market and inventory dropped significantly year-over-year.

 

Average home prices increased 22.2% to $375,717 in June 2021 compared with the same month one year ago. Average home prices were also up $23,000 month-over-month. Median home prices increased 19.7% to $370,000 year-over-year.  Price per square foot averaged $161 (up $28/square foot), increasing 21.1% year-over-year.

 

The months supply of homes for sale dropped to 0.8 months (down 57.9% from 1.9 months in June 2020 and down from 2.6 months in June 2019).

 

Inventory of homes also dropped 57.2% compared with the same month one year ago. New listings increased in June -- by 19.4% compared with the same time frame one year ago. Despite the increase in new listings, inventory of homes dropped and remained low.

 

Closed sales in June 2021 decreased 9.1%, while pending sales increased 24.7%. Lack of inventory most likely contributed to the drop in closed sales.

 

The low inventory coupled with higher home prices and increased pending sales are a testament to the recovery of the Indian Trail housing market after a dismal performance in the first months of the pandemic in 2020.

 

Average days on market were 8 (down 19 days year-over-year and down 11 days month-over-month).  Median days on market were just 3 (down 4 days year-over-year) in June. This, too, speaks to pent-up buyer demand and a recovered market for the Indian Trail housing market in June 2021.

 

At a median selling price of 104.6% of list price (up 5.5% from June 2020), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail's hottest selling communities.

 

 

Want to know what this would mean for your family if you decide to buy or sell an Indian Trail area home?

 

Wondering About Charlotte's Real Estate Market? Call Nina Hollander   

We can help.

Call us today at 704-779-0813 or contact us here.

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 MORE DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE

   

 Indian Trail Area Housing Market Highlights

June 2021 versus June 2020

Indian Trail/28079 Zip Code Real Estate Report June 2021

 

Indian Trail, NC is ranked as one of America's 50 Top Small Cities To Live In

CHECK OUT THE...

9 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

 Hottest Selling Indian Trail Neighborhoods   

 

And did you know that Indian Trail's Porter Ridge Middle School is ranked in the top 20 middle schools in the Charlotte metro area?

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

   

WONDERING WHAT YOUR INDIAN TRAIL, NC HOME IS WORTH?

 What's My Indian Trail Area Home Worth? 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

 Median Home Sale Price Trends For 28079 Zip Code 

     

 Median Home Sale Prices Trends For:

Indian Trail, Stallings, Hemby Bridge

 

This Charlotte, North Carolina real estate monthly update for the Indian Trail area in the 28079 zip code is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Indian Trail specialists. We've been opening doors for Indian Trail area home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in the Indian Trail area or anywhere in the the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

 "The Right Broker Makes All The Difference."

     

 

 

Read the original post at www.GreatHomesInCharlotte.com

 

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
Blog: News You Can Use From The Greater Charlotte Area
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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 (30)

Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

The community of Indian Trail sure had a great year.  Thank you for your interesting real estate market update.

Jul 21, 2021 06:07 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

No doubt all the markets you have recently described are in great demand.  And you know how to find someone that perfect home regardless of the inventory.  Happ Wednesday.  A

Jul 21, 2021 06:52 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I really do enjoy watching how your markets are evolving from month to month Nina Hollander, Broker 

Jul 21, 2021 07:23 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Indian Trail owners would be smart to call you Nina, and they can list their homes for top dollar and have a quick sale!

Jul 21, 2021 08:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... right now, buyers have little to no time to think about whether or not to make an offer.

Jul 21, 2021 09:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... homes selling in about a week is nothing unusual here in many parts of the Charlotte region.

Jul 21, 2021 09:31 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog thanks in advance, Bill, for the congratulations on a contract... none in the pipeline right now... hopefully soon with new listings coming on market.

Jul 21, 2021 09:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... I would expect the areas showing a lot more than a 20% increase more of an anomoly than the norm. Indian Trail increased by 40+% in May... couldn't imagine two consecutive months with those kind of increases.

Jul 21, 2021 09:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, eXp Realty hi Ray... it felt like covid shutdowns affected Indian Trail more than other areas of Charlotte last year, but when recovery came, it came fast.

Jul 21, 2021 09:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I appreciate your confidence in my ability to find my buyer clients homes... I'm less confident... I have a few clients with whom we've been looking for several years now.

Jul 21, 2021 09:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS thank you, Paul. Since I get no traction from my market reports that I can see, I'm tempted each month to just stop doing them.

Jul 21, 2021 09:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... it doesn't feel like all that long ago that I could hardly give away a home in Indian Trail!

Jul 21, 2021 09:36 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

HI Nina- with demand for homes so high and inventory so low in your area, anyone interested in selling or buying needs to call you.

Jul 21, 2021 10:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... I certainly would not turn away any interested sellers! 

Jul 21, 2021 11:20 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local real estate reports.

Jul 21, 2021 11:49 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina your Seller's Market is not just HOT, it is SCORCHING HOT!!!

Jul 21, 2021 01:17 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

I'm looking forward to finding out which community/neigborhood had the highest rate of return.  

Jul 22, 2021 12:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley good Thursday morning, Roy... hope you've had a good week so far and are looking forward to the new weekend.

Jul 22, 2021 04:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto good morning, George... no doubt, we have some parts of the Charlotte region that are on fire.

Jul 22, 2021 04:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

James Dray good morning, James... if I went looking for that information in the 2-state, 8+ county region I cover, I'd never have time to actually sell a home! :)

Jul 22, 2021 04:55 AM