Matthews (28105 zip code) real estate report/snapshot for August 2019. Matthews remained a seller’s market in August 2019 with the months supply of inventory remaining low at 2.2 months. Inventory was down 13.2% despite an increase in new listings of 12.5% in August, no doubt contributing to increases in closed and pending sales. Average sale prices of homes increased 3.2% year-over-year. Days on market remained flat in August 2019 versus August 2018. Matthews homes continue to sell quickly — in 34 days on average and with median days on market at 9 days. With homes selling at 97.9% of asking price, buyers have minimal room to negotiate.
Matthews, NC Housing Market Snapshot: August 2019
Average sale price of Matthews area homes was $321,954 in August 2019, up 3.2% year-over-year.
Median sale price for Matthews area homes in August 2019 decreased 4.2% versus one year ago to $282,500.
Average days on market for property listings in Matthews during August 2019 were 34 days, flat compared with August 2018
Median days on market were 9 days in August 2019, down 1 day compared with one year ago and down 3 days month-over-month.
Average price per square foot was $143/square foot (up $9/square foot) in August 2019 versus the same period in 2018.
Pending salesin Matthews increased 45.2% in August 2019 versus the same month last year.
Closed sales in Matthews increased 1.6% in August 2019 compared with the same month one year ago.
New listings in Matthews increased 12.5% versus August 2018, no doubt contributing to the increase in closed and pending sales in August 2019.
Months supply of inventorywas 2.2 months (down 12% year-over-year), keeping Matthews a seller’s market overall in August 2019.
Median percent of original list price that sellers received for their homes was 97.9%. Very little room for buyers to negotiate in the Matthews/28105 zip code in August.
How The Matthews Housing Market Performed In August 2019 versus August 2018
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