Indian Trail, NC Area Home Prices Up, Days On Market Down: July 2022

By
Real Estate Agent with Coldwell Banker Realty

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

What you need to know...

What it means for you...

 

Indian Trail real estate in July 2022 remained a home seller’s market with both average and median home sale prices increasing year-over-year and days on market decreasing. Home buyers pulled back in July with closed and pending sales dropping and housing inventory substantially increasing. However, with home sellers receiving a median 101.6% of list price in sale price, still not much room for buyers to negotiate on price.

 

Indian Trail area (28079 zip code) includes the towns of Indian Trail, Stallings, Hemby Bridge. It’s been more than six years since Indian Trail could be considered a balanced market, much less a home buyer’s market.  

 

 Indian Trail Area Housing Market Highlights

July 2022 vs July 2021

 

Indian Trail, NC (28079 Zip Code) Housing Market Snapshot July 2022

 

INDIAN TRAIL HOME SALE PRICES INCREASED YEAR-OVER-YEAR & MONTH-OVER-MONTH IN JULY 2022

Average home prices in Indian Trail increased 15.9% to $442,797 in July 2022 compared with the same month one year ago. Month-over-month, average home sale prices increased approximately $30,000. Indian Trail home prices were approximately $139,000 higher in July 2022 compared with July 2020.  

 

Median home prices increased 14.0% to $430,000 year-over-year. Median home sale prices were approximately $40,000 higher in July 2022 than in June 2022.  Median home sale prices in July 2022 were about $125,000 higher than in July 2020. Clearly, Indian Trail homeowners are sitting on a substantial amount of equity.

 

Price per square foot averaged $204 (up $38/square foot from $166/square foot one year ago). This matched the price per square foot record set in May 2022 in Indian Trail.

 

INDIAN TRAIL HOUSING INVENTORY INCREASED IN JULY 2022

The months supply of homes for sale increased to 1.9 months (up from 1.1 months in July 2021 and equal to the 1.9 months in July 2020). Month-over-month, the months supply of homes was 0.7 months higher. New listings increased 6.7%, while inventory of homes increased 80.7% year-over-year. It appears that Indian Trail area buyers pulled back in July 2022 to reassess purchase plans in the face of increasing mortgage rates and home prices.

 

INDIAN TRAIL CLOSED & PENDING SALES DOWN IN JULY 2022

Closed sales in July 2022 decreased 23.2% year-over-year, while pending sales decreased 40.2%. No doubt this contributed to the increase in inventory in July.

 

Another sign of the market cooling in July 2022 was the foot traffic through home listings, which was down to an average of 8.1 showings per listing compared with 13.6 showings in July 2021.  It appears that buyer activity is reverting to what we saw in 2019 prior to the onset of the pandemic.

 

DAYS ON MARKET DECREASED IN JULY 2022 YEAR-OVER-YEAR & MONTH-OVER-MONTH IN JULY 2022

Despite the increase in inventory, average days on market decreased two days to 13 days in July 2022. Average days on market also decreased by nine days over June 2022. Year-over-year, median days on market increased one days to four days in July 2022. Month-over-month, median days on market dropped by three days.

 

LIST TO SALE PRICE RATIO OVER 100% IN JULY 2022

At a median selling price of 101.6% of list price (down 2.2% year-over-year and down 0.4% month-over-month), Indian Trail home buyers should still 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.

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, 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

 

Charlotte area home listings delivered directly to your email for free

 

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
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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 (24)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... it's kind of jarring to see inventory grow and see homes sell even faster and at higher prices. 

Aug 09, 2022 05:19 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks, Patricia, for the lovely comment. I try to make my market reports as comprehensive as possible with something for anything thinking about possibly buying or selling a home.

Aug 09, 2022 05:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Dorie Dillard Austin TX good morning, Dorie... we started seeing foot traffic fall off when the Fed raised rates the first time in June. That being said, our foot traffic, in general, seems to be very much like what we saw in 2019, pre-pandemic and 2019 was a very good year for sales in the Charlotte region... I think after the frenzy of the past two years, we are just falling back to what is a more "normal" market in Charlotte for demand.

Aug 09, 2022 05:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila... I agree it's time for anyone thinking about selling to maybe move their plans up a bit... inventory keeps growing and at some point that means price appreciate slows down and days on market increase.

Aug 09, 2022 05:22 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for your Indian Trail real estate market update.  We are up in Elk Grove year over year, but have slipped in price month over month.

Aug 09, 2022 05:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ray Henson good morning, Ray... we have some place where we slipped in price month over month... but we also have some where prices are up month over month.

Aug 09, 2022 05:59 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's market sure doesn't look like it is slowing down whatsoever!

Aug 09, 2022 06:15 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Happy Tuesday. You always do large blogs with lots or real estate issues...

Aug 09, 2022 06:16 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... lots more inventory in Indian Trail, but so far market is brisk.

Aug 09, 2022 06:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eric Bouler thanks, Eric, for popping by... seo is better with longer blogs and then again, this is a real estate blogging platform.

Aug 09, 2022 06:24 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Hey, we enjoyed reading your post, thanks for sharing.  Have a great Taco Tuesday. bill

Aug 09, 2022 06:31 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - East Valley thanks for popping by, Bill. Isn't it a shame that what we love to eat is not great for that hot looking body!

Aug 09, 2022 06:36 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Aug 09, 2022 07:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good Tuesday morning, Roy... thanks, as always, for stopping by and taking time to leave me a comment.

Aug 09, 2022 07:51 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Strong markets across the country, with increasing inventory, but more price drops starting to happen as sellers are seeing homes sit rather than sell straight away as buyers realize they may now have some choices.

Aug 09, 2022 07:59 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- Indian Trail is still a favorite area of mine to read about!!! And it is still hot!!!!!

Aug 09, 2022 09:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nick Vandekar, 610-203-4543 hi Nick... with many of our areas still selling in under two weeks, not a ton of incentive for sellers to drop prices too quickly.

Aug 09, 2022 10:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... Indian Trail will remain an in-demand area because of its proximity to Matthews and Charlotte.

Aug 09, 2022 10:25 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Indian Trail home buyers and sellers are sure to value your real estate market report, Nina.

Aug 10, 2022 08:03 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Thursday morning, Myrl. Thanks for popping by... wishing you a terrific Thursday!

Aug 11, 2022 04:22 AM