Indian Trail Real Estate Market Report - Mecklenburg, North Carolina
Indian Trail, North Carolina - Mecklenburg County
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Sid Hoffman

If you can qualify, now is an exceptional time to buy a home in Indian Trail. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 980-721-1996

Report DateWinter 2010
Nearest Metro AreaCharlotte
Buyers’ or Sellers’ MarketMore sellers than buyers
Average Time on MarketMore than 120 days
Market TrendIncreasing
Housing InventoryGood supply - Some Prices
Average Home Price$175,000 - View Graph Trend
Best Selling Price Range$150,000 - $199,000
Worst Selling Price Range$400,000 - $449,000
Compared to Last YearUp 0-5%
Prices As % of Asking Price90-95%
Multiple Offers?Yes
Greatest ActivityFirst Time Buyers
Buyer Activity for the past 90 days in Indian Trail isDecreasing
Seller Activity for the past 90 days in Indian Trail isIncreasing
Is Financing Available For Qualified Buyers in Indian Trail?Yes
Existing Home Prices for the past 90 days areNo Change
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?20-25%
Housing Hot SpotsMost cities within the Union County area are considered 'Housing Hotspots'
Reason to Buy/SellLower prices with good selection and competitive interest rates creates a perfect time to buy in Indian Trail!
Average Sold Price$175,000 - View Graph Trend

National Real Estate Market
National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...


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CONNECT WITH A LOCAL PROFESSIONAL
Sid Hoffman
Sid Hoffman
Wilkinson & Associates Real Estate
Charlotte, North Carolina
980-721-1996
shoffman@agents.househunt.com
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Wilkinson & Associates Real Estate

Indian Trail Local News

News for Indian Trail, NC - Monday March 8th, 2010 6:46pm
Mortgage Rates to Stay Low, Goldman Predicts
Investment bank Goldman Sachs recently predicted that mortgage rates won't rise much when the Federal Reserve ends its purchases of mortgage-backed securities at the end of March.

Part of the reason is that demand for mortgages is low, says Goldman analyst Sven Jari Stehn. What would drive up mortgage rates, he says, is a decision by the Fed to sell the mortgage backs it holds, but that isn't likely to happen anytime soon, he believes.

Source: The Wall Street Journal, Emily Friedlander 03/05/2010


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980-721-1996
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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