Matthews (28105 zip code) real estate report for February 2020. Matthews remained a seller’s market in February 2020 with the months supply of inventory razor thin at 1.4 months (down 44% year-over-year). Inventory was down 34.2%, as were new listings, which were down 3.9% in February. Both pending and closed sales increased significantly in February. Both average and median home sale prices also increased in the month of February.
Matthews Real Estate Report: February 2020
Latest news on the Matthews real estate market and what it means for you…
Matthews remained a seller’s market in February 2020 with the months supply of inventory remaining razor-thin at 1.4 months (down 44% year-over-year from 2.5 months). Inventory was down 34.2%, as were new listings, which were down 3.9% in February versus the same month one year ago.
Average sale prices of homes increased 5.5% year-over-year to $331,862, while median home sale prices increased 5.9% to $306,000 year-over-year. Price per square foot increased 10.8% year-over-year to $144/square foot (up $14/square foot).
Average days on market were 48, up 8 days from one year ago, while median days on market increased by 15 days to 28 days versus one year ago.
Closed sales and pending sales increased. Closed sales increased 10.6% and pending sales increased 54.2% year-over-year.
With homes selling at 97.2% 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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