The average sale price of Matthews homes increased by 10.5% to just under $289,000 as compared with the same period one year ago.
Average days on market for property listings were up by one day to 33 days. Median days on market were flat at 10 days in October 2017.
Average price per square foot increased by 8.0% to $121/square foot in October 2017 versus the same period in 2016. Pending sales were up 3.4% in October versus the same month last year.
During October 2017, the number of showings until pending contract per listing averaged 22 showings (up 4.8% versus last year) while the number of showings per listing averaged 8.9 (down 6.3% compared with October 2016) showings (more than likely due to lack of inventory).
The median percent of original list price that sellers received for their homes was up 0.4% compared with last year at 98.6%, showing virtually no negotiating room for homes in Matthews, North Carolina.
New listings increased by 5.2% versus October 2016. Matthew area's months supply of homes increased 9.1% to 2.4 months, but still keeping Matthews very much a seller's market.
It continues to be a true seller's market in the 28105 zip code and a very competitive environment for home buyers in Matthews, North Carolina. With inventory so tight, you might want to check out 10 of the hottest selling Matthews and Mint Hill neighborhoods to watch in 2017.
Matthews Local Market Update - October 2017
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This Charlotte, North Carolina real estate monthly update for Matthews, NC is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants and Matthews specialists.
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