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.
Video Update Matthews Housing Market: June 2019
Matthews, NC Remained A Seller’s Market in June 2019
Average sale price of Matthews area homes was $362,073 in June 2019, up 9.7% year-over-year and up month-over-month.
Median sale price for Matthews area homes in June 2019 increased 7.4% versus one year ago to $328,500 and up month-over-month.
Average days on market for property listings in Matthews during June 2019 were 29 days, up 10 days over June 2018.
Median days on market were 12 days in June 2019, up 6 days compared with one year ago. Nonetheless, homes are selling quickly in the Matthews area.
Average price per square foot was $146/square foot (up $11/square foot) in June 2019 versus the same period in 2018, as well as up month-over-month.
Pending salesin Matthews decreased 4% in June 2019 versus the same month last year, due at least in part to lack of new listings and tight inventory.
Closed sales in Matthews decreased 6.6% in June 2019 compared with the same month one year ago, again, due at least in part to tight inventory
New listings in Matthews decreased 9.6% versus June 2018.
Months supply of inventorywas 2.1 months, keeping Matthews a seller’s market overall in June 2019.
Median percent of original list price that sellers received for their homes was 98.5%. Very little room for buyers to negotiate in the Matthews/28105 zip code in June.
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