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.
Video Update For The Matthews Housing Market: February 2019
Matthews, NC Remained A Seller’s Market in February 2019
Average sale price of Matthews area homes increased marginally by 0.1% to $314,501 in February 2019 compared with the same period one year ago.
Median sale price for Matthews area homes in February 2019 increased 7.5% versus one year ago to $286,000.
Average days on market for property listings in Matthews during February 2019 were 38 days (up 8 days compared with one year ago). The February 2019 average days on market were 16 days lower than the previous month.
Median days on market were at 12 days in February 2019, up 6 days compared with one year ago. Median days on market in February were 8 days lower than in the previous month of January.
Average price per square foot was $131/square foot (up $11/square foot) in February 2019 versus the same period in 2018.
Pending salesin Matthews increased 26.2% in February 2019 versus the same month last year.
Closed sales in Matthews increased 24.3% in February 2019 compared with the same month one year ago.
New listings in Matthews increased 54.2% versus February 2018.
Months supply of inventoryremained low at 2.1 months, keeping Matthews a seller’s market overall in February 2019.
Median percent of original list price that sellers received for their homes was 97.5%. Little room for buyers to negotiate in the Matthews/28105 zip code in February.
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