Matthews Real Estate April 2021
Matthews real estate April 2021 remained a home seller’s market, evidenced by extremely low inventory and with just 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. Both average and median home sale prices increased significantly year-over-year, as did closed and pending sales.
Matthews Real Estate April 2021 Update
Latest news on Matthews real estate April 2021 and what it means for you…
Matthews housing market continues to see extremely low inventory with the months supply of inventory razor-thin at 0.5 months (down 75% year-over-year from 2 months year-over-year). Inventory of homes was down 71% year-over-year. New home listings increased 46.6% year-over-year. Matthews homes sold in under two weeks, on average.
Average sale prices of homes increased 23.3% year-over-year to $383,677. Median home sale prices increased 19.2% to $365,000 year-over-year. On a month-over-month basis, the median sale price of a home sold in Matthews increased by $53,000. Price per square foot increased 21.4% year-over-year to $170/square foot (up $30/square foot).
Average days on market were a scant 9 days, down 32 days from the same time period one year ago. Days on market were also down 8 days from the prior month. Median days on market decreased 2 days to 3 days versus one year ago. Matthews homes sold almost as quickly as they came on the market in April 2021.
Closed sales increased 16.9% year-over-year. Pending sales increased 83.3% year-over-year. In April 2020 our real estate market was essentially shut down due to pandemic related lockdowns. So it’s no surprise we’re seeing such a huge increase in pending sales year-over-year.
With a median selling price of 102.6% of asking price (up 2.6% over April 2020), buyers should expect minimal to no room to negotiate.
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Matthews Real Estate Highlights
April 2021 vs April 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.
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.
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Median Home Sale Price Trends For Matthews Homes
This Charlotte, North Carolina Matthews real estate monthly update is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real estate expert and Matthews specialist. I’ve been opening doors for Matthews home buyers and sellers since 1999.
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 why experience matters and how:
“The Right Broker Makes All The Difference.”
