Matthews Real Estate: December 2023
Matthews real estate market in December 2023 saw lower median and average home sale prices month-over-month and year-over-year. At 27 days, the days on market remained relatively low. Housing inventory decreased compared with the prior year, but increased by three homes from the previous month. New listings increased from the prior month and decreased from December 2023. List to sale price ratio declined almost 2% from the previous month, but was unchanged compared with December one year ago. Sales declined month-over-month and were also at their lowest level compared with December 2022 and 2021. With a month’s supply of inventory of 5.59 months, Matthews moved close to being a buyer’s market.
MATTHEWS HOME SALE PRICES DOWN YEAR-OVER-YEAR AND MONTH-OVER-MONTH
Average sale price in December 2023 was $438,611, down 19.53% from $545,042 in the previous month of November. December’s average sale price declined 12.18% year-over-year from $499,460.
Median home sale price in December 2023 was $410,075, down 23.48% from $535,900 in the previous month of November. Year-over-year, median home sale price declined 13.46% from $483,611 in December 2022.
Price per square foot in December 2023 was $206, down 11.21% from $232 in the previous month of November. Price per square foot was 2.37% lower than $211 in December 2022.
MATTHEWS DAYS ON MARKET DECLINED
Average days on market in December 2023 were 27 days, decreasing from 33 days in November2023 and increasing two days compared with December 2022. December’s days on market were at their highest level compared with December 2022 (25 days on market) and December 2021 (9 days on market). By the same token, Matthews homes could still be considered as selling relatively quickly in under one month.
MATTHEWS HOUSING INVENTORY DOWN YEAR-OVER-YEAR
The number of properties for sale in December 2023 was 123, up 2.5% from 120 properties in November. Inventory was 20.65% lower than the 155 properties for sale in December 2022 and higher than the inventory level of 115 properties for sale in December 2021. The months supply of inventory increased to 5.59 months in December, pushing Matthews closer to a buyer’s market.
NEW LISTINGS IN MATTHEWS UP MONTH-OVER-MONTH, DOWN YEAR-OVER-YEAR
The number of new listings in December 2023 was 24, up 41.18% from the previous month’s 17 new listings. New listings were 14.29% lower than what we saw in December 2022 (28 new listings) and in December 2021 (37 new listings). Decembers’s new listings were at their second lowest level in over three years.
MATTHEWS SALES DECLINED YEAR-OVER-YEAR & MONTH-OVER-MONTH
Home sales declined 48.84% in December 2023 to 22 from 43 in the previous month. Closed sales were also 47.62% lower than in December one year ago which saw 42 closed sales. Compared with December 2021, which saw 70 sales, December 2023 sales were lower.
MATTHEWS LIST TO SALE PRICE RATIO SOFTENED MONTH-OVER-MONTH
The selling price at 97.71% of list price declined from 99.66% in November and was equal to the list to sale price ratio in December one year ago.
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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 sincee 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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