Matthews Real Estate Report: November 2019

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

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.

Matthews (28105 Zip Code) Real Estate Report: September 2019

Matthews Real Estate Snapshot September 2019

Matthews (28105 zip code) real estate report/snapshot for September 2019. Matthews remained a seller’s market in Septemnber 2019 with the months supply of inventory remaining low at 2.1 months. Inventory was down 15% despite an increase in new listings of 18.6% in September. This, no doubt, contributed to the 52.3% increase in pending sales. Average sale prices of homes decreased 4% year-over-year to just under $300,000. Average days on market dropped 9 days to 38 days in September 2019 versus September 2018. With homes selling at 98.1% of asking price, buyers have minimal room to negotiate.

Matthews (28105 Zip Code) Real Estate Report: August 2019

Matthews Housing Market Snapshot August 2019

Matthews (28105 zip code) real estate report/snapshot for August 2019. Matthews remained a seller’s market in August 2019 with the months supply of inventory remaining low at 2.2 months. Inventory was down 13.2% despite an increase in new listings of 12.5% in August, no doubt contributing to increases in closed and pending sales. Average sale prices of homes increased 3.2% year-over-year. Days on market remained flat in August 2019 versus August 2018. Matthews homes continue to sell quickly — in 34 days on average and with median days on market at 9 days. With homes selling at 97.9% of asking price, buyers have minimal room to negotiate.

Matthews (28105 Zip Code) Real Estate Report: July 2019

Matthews Housing Market Snapshot July 2019

Matthews (28105 zip code) real estate report/snapshot for July 2019. Matthews remained a seller’s market in July 2019 with the months supply of inventory remaining low at 2.3 months. Inventory was up slightly by 2.3%, but new listings increased 13.2% in July, no doubt contributing to increases in closed and pending sales and reversing the trend of the prior month of June. Average sale prices of homes increased (5.7%) year-over-year. Median prices also increased 4.3% versus July 2018. Although, days on market increased in July 2019, homes are still selling quickly — in under 30 days on average and with median days on market at 12 days. With homes selling at 98.1% of asking price, buyers have minimal room to negotiate.

Matthews (28105 Zip Code) Housing Report/Video:June 2019

Matthews Housing Market Snapshot June 2019

Matthews housing report/video for June 2019. Matthews remained a seller’s market in June 2019 with the months supply of inventory at 2.1 months. Inventory was flat, but new listings were down in almost 10% in June. Lack of new listings and tight inventory contributed to decreases in closed and pending sales. Average sale prices of homes increased significantly (9.7%) year-over-year, as well as month-over-month. Median prices also increased 7.4% versus June 2018 and by approximately $30,000 month-over-month. Although, days on market increased in June 2019, homes are still selling quickly — in under 30 days on average and with median days on market at 12 days. With homes selling at 98.5% of asking price, buyers have minimal to negotiate.

Matthews (28105 Zip Code) Housing Report/Video: May 2019

Matthews, NC Housing Report May 2019

Matthews housing report/video for May 2019. Matthews remained a seller’s market in May 2019 with the months supply of inventory at 2.2 months. Inventory was up slightly, but new listings were down in May. Average sale prices of homes were flat compared with one year ago, but median prices were up 6.2%. Matthews saw a significant drop in days on market in May… homes are selling in 20 days on average and median days on market are less than one week at 6. With homes selling at 99% of asking price, buyers have virtually no room to negotiate.

Matthews (28105 Zip Code) Housing Report/Video: April 2019

Matthews, NC Housing Market Update April 2019

Matthews housing report/video for April 2019. Home prices in Matthews, NC continued to increase in April 2019 with average home sale prices up 14.9% compared with April 2018. Both average and median home prices were up in April despite an increase in the days on market. Closed sales increased almost 45%, no doubt as a result of an increase of 45.8% in pending sales in March. New listings were down in April 2019.. Virtually no negotiating room for buyers on Matthews homes with sellers receiving 98.8% of asking price.

Matthews (28105 Zip Code) Housing Report/Video: March 2019

Matthews, NC ousing Market Update March 2019

Matthews housing report/video for March 2019. Home prices in Matthews, NC continued to increase in March 2019 with average home sale prices up 14.5% compared with March 2018. Homes were selling faster with average and median days on market decreasing compared with one year ago. February’s increase in new listings no doubt contributed to an increase of 45.8% in pending sales. New listings and inventory were down in March 2019. Virtually no negotiating room for buyers on Matthews homes with sellers receiving 99.4% of asking price.

Matthews (28105 Zip Code) Housing Market Update & Video: February 2019

Matthews Housing Market February 2019

Matthews housing market update/video for February 2019. February home sales increased significantly in Matthews in February 2019 with double digit increases in both pending (+26.2%) and closed sales (+24.3%) compared with one year ago. A huge increase in new listings of 54.2% increasing inventory by 10.1% no doubt contributed to the increases in pending and closed sales. Despite the increase in new listings and inventory, the months supply of homes was still low in Matthews in February at 2.1 months, keeping the 28105 zip code a seller’s market.