Latest news on the Indian Trail real estate market in October 2021 and what it means for you...
Indian Trail area (28079 zip code) in the Charlotte region, which includes the towns of Indian Trail, Stallings, and Hemby Bridge remained a home seller's market in October 2021. In fact, it's been six years since Indian Trail could be considered a balanced market. Home prices increased by double digits over October 2020. Pending sales also increased year-over-year. Meantime, days on market and inventory dropped year-over-year, despite a small increase in new listings in October.
Average home prices increased 34.6% to $410,765 in October 2021 compared with the same month one year ago. Average home prices also increased month-over-month by almost $45,000. Median home prices increased 29.7% to $389,00 year-over-year Price per square foot averaged $178 (up $38/square foot), increasing 27.1% year-over-year.
The months supply of homes for sale dropped to 0.8 months (down 42.9% from 1.4 months in October 2020 and down from 2.4 months in October 2019). The months supply of inventory was also 0.1 months lower than in September 2021. Despite a 4.1% increase in new listings, inventory of homes dropped 35.6% year-over-year. Homes sold about as fast as they came on the market.
Closed sales in October 2021 decreased 15.7% year-over-year, while pending sales increased 15.9%. Lack of inventory and minimal new listings no doubt had a negative impact on closed sales.
Average days on market were 25 (down 2 days year-over-year). Median days on market were just 3 in October (flat year-over-year and down 17 days from October 2019). During September, homes listed for sale had 12.4 showing on average, an increase of 13.8% from 10.9 showings over October 2020 and 6 showings in October 2019. All this speaks to pent-up buyer demand for Indian Trail homes.
At a median selling price of 101.2% of list price (up 1.2% from October 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?
We can help.
Call us today at 704-779-0813 or contact us here.
There’s absolutely NO OBLIGATION.
A consultation with Carolinas Realty Partners is FREE.
MORE DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE
MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE
Indian Trail Area Housing Market Highlights
October 2021 versus October 2020
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
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?
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
Comments(28)