matthews housing market update

Matthews Real Estate Report: May 2020

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Matthews (28105 Zip Code) Housing Market Update May 2020

Matthews homes sales were significantly impacted in May 2020 by corona virus restrictions, which prohibited all in-person home showings in Matthews from late March to mid-May. As a result closed sales, new listings, inventory, months supply of homes, all dropped compared with May 2019. Given the lack of inventory, no surprise that average and median home sale prices increased. Home showings increased 163.3% from April 2019 and also year-over-year indicating pent-up buyer demand for Matthews homes.

Matthews Real Estate Report: April 2020

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Matthews (28105 Zip Code) Housing Market Update April 2020

Matthews homes sales were significantly impacted in April 2020 by the corona virus restrictions, which prohibited all in-person home showings in Matthews. As a result closed and pending sales, new listings, inventory, months supply of homes, days on market all dropped compared with April 2019. Given the lack of inventory, no surprise that median home sale prices increased almost 11% and the median sale to listing price ratio was 100%.

Matthews Real Estate Report: March 2020

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Matthews, NC Housing Market Update March 2020

Matthews (28105 zip code) real estate report for March 2020. Matthews remained a seller’s market in March 2020 with the months supply of inventory razor thin at 1.5 months (down 34.6% year-over-year). Inventory was down 29.5%, as were new listings, which were down 5.9% in March. Closed sales increased significantly in March. Average home sale prices were down slightly, while median sale prices were up. Days on market were down dramatically.

Matthews Real Estate Report: February 2020

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Matthews NC Real Estate Report February 2020

Matthews (28105 zip code) real estate report for February 2020. Matthews remained a seller’s market in February 2020 with the months supply of inventory razor thin at 1.4 months (down 44% year-over-year). Inventory was down 34.2%, as were new listings, which were down 3.9% in February. Both pending and closed sales increased significantly in February. Both average and median home sale prices also increased in the month of February.

Matthews Real Estate Report: January 2020

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Matthews NC Housing Market Snapshot January 2020

Matthews (28105 zip code) real estate report for January 2020. Matthews remained a seller’s market in January 2020 with the months supply of inventory razor thin at 1.5 months (down 34.8% year-over-year). Inventory was down 25.4%, as were new listings, which were down 24.7% in January. Both pending and closed sales increased significantly in January. Days on market continued to decrease — down 15 days to 39 days year-over-year.

Matthews Real Estate Report: December 2019

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Matthews NC Housing Market Update December 2019

Matthews (28105 zip code) real estate report for December 2019. Matthews remained a seller’s market in December 2019 with the months supply of inventory razor thin at 1.6 months (down 23.8% year-over-year). Inventory was down 14.2% despite an increase in new listings of 8.6% in December. Both pending and closed sales increased significantly in December. Days on market continued to decrease — down 2 days to 43 days year-over-year.

Matthews Real Estate Report: November 2019

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Matthews NC Housing Update November 2019

Matthews (28105 zip code) real estate report for November 2019. Matthews remained a seller’s market in November 2019 with the months supply of inventory razor thin at 1.8 months (down 25% year-over-year). Inventory was down 15.8% despite an increase in new listings of 56.8% in November. Both pending and closed sales increased significantly in November. Days on market continued to decrease — down 13 days to 27 days year-over-year.

Matthews Real Estate Report: October 2019

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Matthews NC Housing Market Snapshot October 2019

Matthews (28105 zip code) real estate report for October 2019. Matthews remained a seller’s market in October 2019 with the months supply of inventory remaining low at 2 months (down 20% year-over-year). Inventory was down 17.4% despite an increase in new listings of 28.4% in October. Both pending and closed sales increased dramatically in October 2019.