Record High Home Sale Prices In Indian Trail, NC In May 2022

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Indian Trail real estate market in May 2022...

What you need to know...

What it means for you...

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge in Union County, remained a home seller's market in May 2022, despite all the talk of a market correction.  It's been more than six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Average home prices increased 32.5% year-over-year, setting a new record.  Average days on market also dropped in May. Pending sales also decreased 12.4% year-over-year, while closed sales increased 7.4%. Inventory increased year-over-year 3.7% (equal to three additional homes on the market).

 

 Indian Trail Area Housing Market Highlights

May 2022 vs May 2021

 

Indian Trail, NC Real Estate Sales Highlights For May 2022

 

INDIAN TRAIL HOME SALE PRICES SET NEW RECORDS IN MAY 2022

Average home prices increased 32.5% to $465,341 in May 2022 compared with the same month one year ago. This set a new record for Indian Trail area home prices. Average home prices were also approximately $36,000 higher in May 2022 compared with April 2022. Home prices were about $157,000 higher in May 2022 compared with April 2020. 

 

Median home prices increased 26.0% to $456,900 year-over-year, setting a new record for Indian Trail area median home prices. Month-over-month, median home sale prices also increased about $24,000 and were $155,000 higher in May 2022 than in May 2020. Clearly, Indian Trail homeowners are sitting on a lot of equity.

 

Price per square foot averaged $204 (up $43/square foot from $161/square foot one year ago), increasing 26.7% year-over-year and setting a new record for price per square foot for Indian Trail homes.

 

INDIAN TRAIL HOUSING INVENTORY INCREASED SLIGHTLY, BUT REMAINED LOW IN MAY 2022

The months supply of homes for sale dropped to one month from 1.1 months in May 2021 and down from 1.9 months in May 2020. Month-over-month, the months supply of homes increased 0.3 months. New listings increased 11.2% and inventory of homes increased 3.7% year-over-year (equal to three additional homes on the market).

 

INDIAN TRAIL CLOSED HOME SALES  UP, PENDING SALES DOWN IN MAY 2022

Closed sales in May 2022 increased 7.4% year-over-year, while pending sales increased 12.4%. No doubt the higher home prices, higher interest rates caused some buyer to pause and back away from contracting for a home in May.

 

DAYS ON MARKET REMAINED LOW IN MAY 2022

Average days on market were 17, down two days year-over-year, but up two day month-over-month.  Median days on market were four days in May 2022, up one day year-over-year and month-over-month. Median days on market were down 11 days from May 2022. Low inventory will continue to put pressure on home prices.

 

LIST TO SALE PRICE RATIO STILL OVER 100% IN MAY 2022

At a median selling price of 102.1% of list price, 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   

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

CHECK OUT THE...

 

10 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

Hot Indian Trail, NC Neighborhoods  

 

Did you know that Indian Trail's Porter Ridge Middle School and Union Prep Academy are ranked in the top 20 middle schools in the Charlotte metro area?

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

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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, Greater Charlotte 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
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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 (16)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - 6 years is a long time to be in this strong sellers market in Indian Trail.  People must be exhausted.

Jun 24, 2022 08:32 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

More new high records in Charlotte, this time at Indian Trial. Not only is the weather hot, but so are your neighborhoods!

Jun 24, 2022 08:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... buyers are exhausted, as are their agents.  Indian Trail was the "affordable" part of Union County...not so much anymore.

Jun 24, 2022 08:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 Hi Sheila... even though I'm in the midst of all this, each month I'm surprised by how high home sale prices have gone.

Jun 24, 2022 08:40 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, amazing you are still seeing record prices in Indian Trail.   Days on market are still low too.

Jun 24, 2022 09:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... no doubt that we are seeing a bit less buyer foot traffic as many buyers are trying to reassess impact of the interest rate increase last week. But the market is still brisk and inventory low, which will keep home prices up for now.

Jun 24, 2022 09:49 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina,

It is good to see that inventory is moving in a positive direction while home sale prices are still at a record, in the Indian Trail area.  Your clients know they are dealing with an astute expert and are in good hands.

Jun 24, 2022 10:23 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina- I am still in awe of the market you are experiencing in your area!!! Six years...that's amazing. 

Jun 24, 2022 10:37 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

These numbers are stomping the stars.... we had crazy numbers since 2009 and as you know I have been complaining for the past three months that the market is changing... Endre

Jun 24, 2022 11:33 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® good moring, Sheri... while our inventory is increasing a teeny tiny bit, there's still more demand than supply. Home prices will stay high.

Jun 25, 2022 04:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... you and me both! I watch my markets carefully and each month find something else to be amazed by.

Jun 25, 2022 04:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre.... the market is adjusting here, as well... fewer multiple offers, not as much foot traffic a very, very small increase in listings... but it's still not enough yet to really keep us from calling our market a seller's market. It took me a week to sell a listing this past week that would have sold in 2-3 days some months ago... but really, who can complain about a week? We'll see what June brings.

Jun 25, 2022 04:49 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Records are being broken all over the country and inflation continues to soar, too bad that wages aren't increasing along with it, haha.

Jun 25, 2022 05:15 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Saturday morning, Nina.

Keep cool and have an outstanding weekend.

Jun 25, 2022 05:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... fundamentally, the sad aspect of all this is that the inflation we are experiencing could have been avoided.

Jun 25, 2022 05:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good Saturday morning to you, Roy... wishing you the same... to stay cool and to have a lovely weekend.

Jun 25, 2022 05:50 AM