Matthews Real Estate Report: June 2022

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

 

Matthews housing market continued to see low inventory with the months supply of inventory under one month at 0.9 months. Listing inventory did increase but equal to only 10 additional homes on market in June and just three new listings coming on market in June. With fewer days on market, sale prices increasing year-over-year and list to sale price ratio increasing, it would appear that Matthews home sellers remain in the driver’s seat for now.

 

Average sale prices of homes increased 23.2% year-over-year to $497,581. Average sale prices also increased approximately $24,000 from May 2022. Average sale price was about $180,000 higher than in June 2020. Median home sale prices increased 23.2% to $450,000 year-over-year. Median sale prices also increased approximately $5,000 month-over-month. Compared with June 2020, median sale prices were approximately $165,000 higher in June 2022. Median sale prices in June were just $1,500 lower than the record set in April 2022.

 

Price per square foot increased 23.9% year-over-year to $218/square foot from $176/square foot in June 2021, setting a new record for square foot prices in Matthews.

 

Average days on market were eight days with no change compared with the same time period one year ago. Average days on market were four days lower month-over-month.  Median days on market were just three days with no change compared with the same month one year ago.

 

Closed sales decreased 12.5% year-over-year. Pending sales decreased 20.0% year-over-year. While some of the decrease can be attributed to low inventory, 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 104.7% of list price (up 0.5% month-over-month), Matthews home buyers had minimal room to negotiate in June. 

 

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:

June 2022 versus June 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

 

 

 FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR MATTHEWS, 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 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.”