Matthews Real Estate Report: July 2022

Latest news on the Matthews (28105 zip code) real estate market in July 2022 and what it means for you…

 

Matthews housing market continued to see low  months supply of inventory at 1.1 months, keeping it in a seller’s market in July. Listing inventory did increase but equal to only 9 more homes on market in July 2022 versus July 2021. Meanwhile, new listings coming on the market dropped year-over-year. Moreover, with sale prices increasing year-over-year to record highs it would appear that Matthews home sellers remain in the driver’s seat for now.

 

Average sale prices of homes increased 38.0% year-over-year to $533,894. Average sale prices also increased approximately $36,000 from June 2022. Average sale price was almost $167,000 higher than in July 2020. Median home sale prices increased 40.0% to $515,000 year-over-year, also setting a new record. Median sale prices increased $65,000 month-over-month. Compared with July 2020, median sale prices were approximately $192,000 higher in July 2022. 

 

Price per square foot increased 20.1% year-over-year to $215/square foot from $179/square foot in July 2021.

 

Average days on market were 10 days, three days more than in July 2021.  Average days on market were two days higher month-over-month.  Median days on market were just two days, one less than the three days in July 2021. Buyer foot traffic was somewhat lower compared with July on year ago, with the average showings per listing at 12.3 in 2022 compared with 15.4 showings per listing last year.

 

Closed sales decreased 16.2% year-over-year. Pending sales decreased 6.8% year-over-year. Some of the decrease can be attributed to low inventory in Matthews. Some of the decrease can also be attributed to the fact that prospective buyers may now priced out of the Matthews housing market as a result of home prices that have continued to increase by double digits coupled with increased mortgage rates.

 

With a median selling price at 100.8% of list price (down 1.9% year-over-year and 4.1% month-over-month), Matthews home buyers still had minimal room to negotiate on home prices in July 2022.

 

Want to know what this would mean for your family if you decide to buy or sell a Matthews 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 INFORMATION ON THE MATTHEWS HOUSING MARKET’S PERFORMANCE

 

 Matthews (28105 Zip Code) Housing Market Highlights:

July 2022 versus July 2021

 

Lack of inventory continues to keep Matthews and the 28105 zip code a home seller’s market and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.

 

This same lack of inventory coupled with continued buyer demand for homes in Matthews assures home sellers of a quick sale at top dollar and minimal sales contingencies.

 

 Did you know Matthews, North Carolina was ranked as the #5 best Charlotte suburb to live in and the #11 best suburb in North Carolina to live in? So why not…

 

 CHECK OUT 8 OF THE HOTTEST NEIGHBORHOODS IN MATTHEWS 

 

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

 

 

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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 Matthews Homes

 

This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty,  Greater Charlotte area residential real estate experts and Matthews specialists. We’ve been opening doors for Matthews home buyers and sellers for 20+ years.

 

 If you’re considering selling or purchasing a home in Matthews or anywhere in 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.”