Matthews Real Estate December 2020
Matthews real estate December 2020 remained a home seller’s market, evidenced by extremely low inventory, just barely over a one-half month’s supply of inventory, significant decreases in days on market, decrease in new listings. Pent-up buyer demand remains greater than the supply of homes to purchase.
Matthews Real Estate December 2020: Market Snapshot
Matthews housing market continues to see low inventory with the months supply of inventory razor-thin at 0.6 months (down 66.7% year-over-year from 1.8 months year-over-year). Inventory of homes was down 63.6% year-over-year. New listings decreased 25% year-over-year and homes sold quickly.
Average sale prices of homes increased 1.4% year-over-year to $340,219, while median home sale prices increased 12.7% to $325,000 year-over-year. Price per square foot increased 12.2% year-over-year to $156/square foot (up $17/square foot).
Average days on market were 16, down 25 days from the same time period one year ago. Median days on market decreased 10 days to 4 days versus one year ago. Clearly, Matthews homes sold almost as quickly as they came on the market in December 2020.
Closed sales increased 18.3% year-over-year. Pending sales decreased 33.3% year-over-year, no doubt due to lack of inventory and not due to a lack of buyer demand.
With a median selling price of 100% of asking price (up 1.1% over December 2019), buyers should expect minimal to no room to negotiate.
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MORE INFORMATION ON THE MATTHEWS HOUSING MARKET’S PERFORMANCE
Matthews Real Estate Market (28105 Zip Code) Highlights:
December 2020 versus December 2019
Lack of inventory continues to keep Matthews and the 28105 zip code a home seller’s market and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.
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This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander with Coldwell Banker Realty, Greater Charlotte residential real estate expert and Matthews specialist. I’ve been opening doors for Matthews home buyers and sellers since 1999.
If you’re considering selling or purchasing a home in Matthews or anywhere in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:
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