Matthews Real Estate Report: March 2020

Matthews (28105 zip code) real estate report for March 2020. Matthews remained a seller’s market in March 2020 with the months supply of inventory razor thin at 1.5 months (down 34.6% year-over-year). Inventory was down 29.5%, as were new listings, which were down 5.9% in March. Closed sales increased significantly in March. Average home sale prices were down slightly, while median sale prices were up. Days on market were down dramatically.

Matthews Real Estate Report: March 2020

Latest news on the Matthews real estate market and what it means for you…

Matthews remained a seller’s market in March 2020 with the months supply of inventory remaining razor-thin at 1.5 months (down 34.6% year-over-year from 2.3 months). Inventory was down 29.5%.  New listings also decreased 5.9% versus the same month one year ago.

Average sale prices of homes decreased 5.1% year-over-year to $328,363, while median home sale prices increased 4.6% to $305,000 year-over-year. The decrease in average sale prices is less indicative of lower home values in Matthews than of the price mix of home sold in March. Price per square foot increased 8.8% year-over-year to $148/square foot (up $12/square foot).

Average days on market were 29, down 16 days from one year ago and down 19 days month-over-month.  Median days on market decreased to 7 days versus one year ago and were 21 days lower month-over-month.

Closed sales increased 22.9% year-over-year. Pending sales dropped 18.5% year-over-year. Hard at this point in time to say how much of the drop was due to COVID-19 shelter in place orders which came in late March or as a result of lack of inventory.

With homes selling at 98.9% of asking price (up 1.7% over March 2019), buyers should expect minimal room to negotiate.

 

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

 

                                          

Matthews Housing Market Highlights: March 2020 vs March 2019

Matthews (28105 Zip Code) Housing Market Report March 2020

Median Home Price Trends In Matthews

 

 

Find Your Matthews Dream Home

 

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 7 OF THE HOTTEST NEIGHBORHOODS IN MATTHEWS 

 

Hot Matthews, NC Neighborhoods

 

FIND YOUR MATTHEWS DREAM HOME HERE

Find Your Dream Home at www.GreatHomesInCharlotte.com

 

And don’t miss out on the newest home listings in Matthews. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in Matthews.

 


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

 

What’s Your Matthews Home Worth?

Wondering what your Matthews home is worth in today’s market? Find out by clicking on the picture below.  

If you’re thinking about selling your Matthews home, let’s get together and discuss the supply conditions in your neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

 

 

Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

We’re happy to provide this information with no obligation on your part.

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE


 


Previous Matthews Housing Market Updates

Whether You’re Buying Or Selling A Matthews Home…

… The Right Broker Makes All The Difference!

 

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

 

If you’re considering selling or purchasing a home in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:

 “The Right Broker Makes All The Difference.”

 

Great Homes In Charlotte


 

[brew-blog-toc]