Matthews Real Estate Report: November 2020

Matthews (28105 zip code) housing market remained a home seller’s market in November 2020, as evidenced by extremely low inventory, less than a one month supply of inventory, decreases in days on market, and lower sales due to lack of inventory. Pent-up buyer demand remains greater than the supply of homes to purchase.

Matthews Housing Market Update: November 2020

 

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

 

Matthews (28105 Zip Code) Real Estate ReportMatthews housing market continues to see low inventory with the months supply of inventory razor-thin at 0.8 months (down 61.9% year-over-year from 2.1 months). Inventory of homes was down 56.8% year-over-year. New listings decreased 27.1% year-over-year and homes sold quickly (in under two weeks, on average).

 

Average sale prices of homes increased 15.9% year-over-year to $345,242, while median home sale prices increased 13.9% to $319,500 year-over-year.  Price per square foot increased 15.7% year-over-year to $155/square foot (up $21/square foot).

 

Average days on market were 13, down 15 days from the same time period one year ago.  Median days on market decreased 6 days to 3 days versus one year ago. Clearly, Matthews homes sold almost as quickly as they came on the market in November 2020.

 

Closed sales decreased 3.1% year-over-year, no doubt due to the lack of inventory to sell. Pending sales increased 13.1% year-over-year.

 

With a median selling price of 100% of asking price (up 2.5% over November 2019), 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?

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:

November 2020 versus November 2019

 

Matthews (28105 Zip Code) Housing Market Snapshot November 2020

 

 

 

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.

 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

 

 

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