Matthews real estate market in December 2022 saw a cooling in the market with higher inventory, lower list to sale price ratios, longer days on market, significantly lower closed and pending sales. At the same time, home prices increased year-over-year and month-over-month and fewer new listings came on market.
Matthews real estate market in November 2022 saw a definite cooling in the market with lower home prices, more inventory, lower list to sale price ratios, significantly lower closed and pending sales. The “bright spot” in Matthews were days on market, which were flat year-over-year and down month-over-month.
Matthews real estate market in October 2022 saw higher home prices, fewer new listings, and a months supply of 1.6 months keeping it in seller “territory.” By the same token, a cooling in the market was evident in the higher days on market, much less foot traffic, and much lower pending sales in October.
Matthews real estate market remained a home seller’s market in July 2022. Tight inventory and fewer new listings increased average and median home prices by double digits and set record highs for home prices. Sellers continued to receive over 100% in median list to sale price. Days on market remained low.