Matthews Real Estate Report: May 2022

Latest news on the Matthews (28105 zip code) real estate market in May 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 0.7 months (down 12.5% year-over-year from 0.8 month and down from 1.7 months in April 2020). However you “slice it,” Matthews has been a home seller’s market for more than three years now. Inventory of homes was down 17.0% year-over-yea, despite a small increase in new listings in May. 

 

Average sale prices of homes increased 35% year-over-year to $474,117. Average sale price was about $127,000 higher than in May 2020. Median home sale prices increased 29.8% to $444,500 year-over-year. The median sale price in May 2020 was just $6,000 less than the record price of $450,000 for median home prices in Matthews.  Price per square foot increased 28.0% year-over-year to $213/square foot from $169/square foot in May 2021, setting a new record for square foot prices in Matthews.

 

Average days on market were 12 days compared with 17 days in the same time period one year ago. Average days on market were also nine days lower month-over-month.  Median days on market were just 4 days, one day higher than in the same month one year ago, flat month-over-month, and down 11 days from May 2020.

 

Closed sales increased 1.5% year-over-year (equal to one additional home sale).  Pending sales increased 10.8% year-over-year (equal to seven additional homes sales which were exactly equal to the seven additional new listings in May). There now remains the question of how many prospective buyers are now priced out of the Matthews housing market due to home prices that have continued to increase by double digits.

 

With a median selling price of 104.2% of asking price (up 0.4% year-over-year), Matthews home buyers should expect minimal to no room to negotiate. Month-over-month, the median sale price increased 2.4%.

 

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:

May 2022 versus 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 

 

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.”