Matthews Real Estate Report: December 2021

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

 

Matthews housing market continues to see low inventory with the months supply of inventory just barely over one-half month at 0.6 months (down 25% year-over-year from 0.8 months in December 2020 and down from 1.8 months in December 2019). The months supply of inventory also dropped month-over-month.  However you “slice it,” Matthews has been a home seller’s market for at least three years now. Inventory of homes was down 30.5% year-over-year, despite an increase in new listings of homes of 34.5% year-over-year. 

 

Average sale prices of homes increased 21.9% year-over-year to $412,415. Median home sale prices increased 22.5% to $395,000 year-over-year. Average home prices have increased about $77,000 as compared with December 2019. Median home prices have increased almost $107,000 compared with December 2019.  Price per square foot increased 22.4% year-over-year to $191/square foot. 

 

Average days on market were 9 days, down 47.1% from 17 days in the same time period one year ago and from 41 days in December 2019. Average days on market were also down 2 days month-over-month.  Median days on market were just 4 days, down 20% year-over-year and down 10 days compared with December 2019.

 

Closed sales decreased 5.3% year-over-year.  Pending sales increased 23.5% year-over-year. No doubt the increase in new listings helped pending sales increase. With the ongoing lack of inventory, however, it’s no surprise that closed sales were down. There is also 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 100% of asking price, Matthews home 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:

December 2021 versus December 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.

 

 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,  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.”