Matthews Housing Market Update/Video for January 2019. January home sales in Matthews, North Carolina saw continued, significant home sale prices increases compared with the same month one year ago. Market inventory remained tight despite a slight increase and the months supply of homes at 2 months indicated a continuing seller’s market. Closed sales were down, but pending sales, as well as new listings, were both up. Lack of affordable inventory can be considered a contributing factor for the drop in closed sales despite a large increase in new listings.
Video Update For The Matthews Housing Market: January 2019
Matthews, NC Remained A Seller’s Market in January 2019
Average sale price of Matthews area homes increased 16.1% to $368,649 in January 2019 compared with the same period one year ago. This average sale price is also approximately $45,000 higher in January than it was just last month in December.
Median sale price for Matthews area homes in January 2019 increased 21.3% versus one year ago to $284,950.
Average days on market for property listings in Matthews during January 2019 were 54 days (up 15 days compared with one year ago).
Median days on market stood at 20 days in January 2019, up 6 days compared with one year ago. Increasing home prices houses probably contribute to the increasing days on market.
Average price per square foot was flat at $129/square foot in January 2019 versus the same period in 2018.
Pending salesin Matthews increased 5.4% in January 2019 versus the same month last year.
Closed sales in Matthews decreased 7.7% in January 2019 compared with the same month one year ago.
New listings in Matthews increased 24.2% versus January 2018.
Months supply of inventoryremained low at 2 months keeping Matthews a seller’s market overall.
Median percent of original list price that sellers received for their homes was 95.8%, showing some, but not a lot of negotiating room in the 28105 zip code for Matthews area homes.
Matthews Area Hot Neighborhoods To Watch
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If you’re thinking about selling your Matthews home, let’s get together and discuss the supply conditions in Matthews and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.
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Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.
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