Matthews (28105 zip code) real estate report for January 2020. Matthews remained a seller’s market in January 2020 with the months supply of inventory razor thin at 1.5 months (down 34.8% year-over-year). Inventory was down 25.4%, as were new listings, which were down 24.7% in January. Both pending and closed sales increased significantly in January. Days on market continued to decrease — down 15 days to 39 days year-over-year.
Matthews Real Estate Report: January 2020
Latest news on the Matthews real estate market and what it means for you…
Matthews remained a seller’s market in January 2020 with the months supply of inventory remaining razor-thin at 1.5 months (down 34.8% year-over-year from 2.3 months). Inventory was down 25.4%, as were new listings, which were down 24.7% in January versus the same month one year ago.
Average sale prices of homes decreased 27.9% year-over-year to $265,927, while median home sale prices decreased 5.2% to $270,000 year-over-year. This decrease in home prices should not be attributed to a drop in home values in Matthews. Rather, it’s more reflective of the price points of homes that sold in January. Price per square foot increased 7% year-over-year to $138/square foot.
Average days on market were 39, down 15 days from one year ago, while median days on market dropped by 5 days to just 15 days versus one year ago. Matthews homes continue to sell quickly.
Closed sales and pending sales increased. Closed sales increased 58.3% and pending sales increased 12.7% year-over-year.
With homes selling at 97.8% 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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