Matthews (28105 zip code) housing market remained a home seller’s market in May 2021, evidenced by extremely low inventory and with just barely over a one-half month’s supply of inventory and extremely low days on market. Matthews homes are selling as quickly as they come on the market. Pending sales were down in May year-over-year due to lack of inventory and new listings.

Matthews Housing Market Update: May 2021

 

Latest news on the Matthews (28105 zip code) real estate market in May 2021 and what it means for you…

 

Matthews (28105 Zip Code) Real Estate ReportMatthews housing market continues to see extremely low inventory with the months supply of inventory razor-thin at 0.6 months (down 64.7% year-over-year from 1.7 months in May 2020 and down from 2.5 months in May 2019). Inventory of homes was down 65.2% year-over-year. New home listings decreased 23.8% year-over-year. Matthews homes sold in about two weeks, on average.

 

Average sale prices of homes increased 1% year-over-year to $352,255. Median home sale prices increased 13.8% to $341,250 year-over-year.  Price per square foot increased 18.3% year-over-year to $168/square foot (up $26/square foot).

 

Average days on market were 16 days, down 50% from 32 days the same time period one year ago.  Median days on market decreased 12 days to 3 days versus one year ago, an 80% drop. Matthews homes sold almost as quickly as they came on the market in May 2021.

 

Closed sales increased 33.3% year-over-year.  Pending sales decreased 29.3% year-over-year. With the lack of inventory and new listings, it’s no surprise that pending sales were down.

 

With a median selling price of 103.9% of asking price (up 5.9% over May 2020), buyers should expect minimal to no room to negotiate.

 

 

Want to know what this would mean for your family if you decide to buy or sell a Matthews home?

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

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:

May 2021 versus May 2020

Matthews/28105 Zip Code Housing Market Snapshot For May 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 

Hot Matthews, NC Neighborhoods

 

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?

 

What's My 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 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,  your Charlotte metro 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 how:

“The Right Broker Makes All The Difference.”

 

 

Search Matthews Homes For Sale


Summary
Matthews, NC Real Estate Report: April 2021
Article Name
Matthews, NC Real Estate Report: April 2021
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Matthews (28105 zip code) housing market remained a home seller's market in May 2021, evidenced by extremely low inventory and with just barely over a one-half month's supply of inventory and extremely low days on market. Matthews homes are selling as quickly as they come on the market. Pending sales were down in May year-over-year due to lack of inventory and new listings.
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