Matthews real estate market in May 2023 saw much higher home sale prices both year-over-year and month-over-month. Days on market were down dramatically from April 2023, declining 70% from April 2023. Housing inventory also declined, as did new listings. List to sale price ratio increased to just under 101%. Closed sales also increased to their highest level since June 2022.
Matthews real estate market in April 2023 saw the average home price increase month-over-month. Average sale price decreased year-over-year, while median sale price increased both month-over-month and year-over-year. Days on market increased to their highest level in three years. Sales declined from March and compared with April 2022. Housing inventory was down from March, up slightly compared with April 2022. New listings were down.
Matthews real estate market in March 2023 saw the average home price increase month-over-month, while the median home sale price softened month-over-month. Average sale price decreased year-over-year, while median sale price increased. Days on market increased to their highest level in three years. New listings increased month-over-month, but were still lower compared with one year ago. The number of homes sold increased month-over-month; decreased year-over-year.
Matthews real estate market in February 2023 saw home prices increase year-over-year and month-over-month. Median home sale price was 20.8% higher than one year ago. Days on market and inventory also increased, while new listings continue to decrease. List to sale price ratio in February was just under 99%. Sales were up over January 2023, but down compared with February 2022.
Matthews real estate market in January 2023 saw a cooling in the market with lower list to sale price ratios, longer days on market, fewer sales. Home prices were down month-over-month. Average sale prices down year-over-year, while median sale prices up year-over-year.
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 in September 2022 saw higher home prices, 100% median list to sell ratio, fewer new listings, and a months supply of 1.3 months keeping it in seller “territory.” While days on market increased, they remained low with homes selling in 16 days, on average.
Matthews real estate market in August 2022 saw higher closed sales year-over-year, 100% median list to sell ratio, fewer new listings, and a months supply of 1.3 months keeping it in seller “territory.” While days on market increased, they remained low with homes selling in 14 days, on average.
