Matthews (28105 zip code) real estate report for December 2019. Matthews remained a seller’s market in December 2019 with the months supply of inventory razor thin at 1.6 months (down 23.8% year-over-year). Inventory was down 14.2% despite an increase in new listings of 8.6% in December. Both pending and closed sales increased significantly in December. Days on market continued to decrease — down 2 days to 43 days year-over-year.
Matthews Real Estate Report: December 2019
Latest news on the Matthews real estate market and what it means for you…
Matthews remained a seller’s market in December 2019 with the months supply of inventory remaining razor-thin at 1.6 months (down 23.8% year-over-year from 2.1 months). Inventory was down 14.2% despite an increase in new listings of 8.6% in December versus the same month one year ago.
Average sale prices of homes increased 4.9% year-over-year to $331,857, while median home sale prices increased 10.7% to $289,500 year-over-year.
Average days on market were 43, down 2 days from one year ago, while median days on market dropped by 15 days to just 14 days versus one year ago. Matthews homes continue to sell quickly.
Closed sales and pending sales increased. Closed sales increased 54.1% and pending sales increased 69.7% year-over-year.
With homes selling at 98.9% of asking price, buyers should expect minimal room to negotiate.
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This Charlotte, North Carolina real estate monthly update for Matthews is provided byNina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Matthews area specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Matthews area home buyers and sellers for 20+ years.
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