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.
Video Update Matthews Housing Market: May 2019
Matthews, NC Remained A Seller’s Market in May 2019
Average sale price of Matthews area homes was $314,392 in May 2019, flat compared with the same period one year ago.
Median sale price for Matthews area homes in May 2019 increased 6.2% versus one year ago to $292,000.
Average days on market for property listings in Matthews during May 2019 were 20 days (down 19 days compared with one year ago and down 29 days versus the prior month of April).
Median days on market were 6 days in May 2019, up 1 days compared with one year ago and up 1 days over the prior month.
Average price per square foot was $132/square foot (down $2/square foot) in May 2019 versus the same period in 2018.
Pending salesin Matthews increased 11.1% in May 2019 versus the same month last year.
Closed sales in Matthews decreased 9% in May 2019 compared with the same month one year ago.
New listings in Matthews decreased 1.1% versus May 2018.
Months supply of inventorywas 2.2 months, keeping Matthews a seller’s market overall in May 2019.
Median percent of original list price that sellers received for their homes was 99%. Virtually no room for buyers to negotiate in the Matthews/28105 zip code in May.
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