Matthews (28105 zip code) real estate report for November 2019. Matthews remained a seller’s market in November 2019 with the months supply of inventory razor thin at 1.8 months (down 25% year-over-year). Inventory was down 15.8% despite an increase in new listings of 56.8% in November. Both pending and closed sales increased significantly in November. Days on market continued to decrease — down 13 days to 27 days year-over-year.
Matthews Real Estate Report: November 2019
Latest news on the Matthews real estate market and what it means for you…
Matthews remained a seller’s market in November 2019 with the months supply of inventory remaining razor-thin at 1.8 months (down 25% year-over-year from 2.4 months). Inventory was down 15.8% despite an increase in new listings of 56.8% in November versus the same month one year ago.
Average sale prices of homes increased 0.2% year-over-year to $$295,361, while median home sale prices increased 2.8% to $280,500 year-over-year.
Average days on market were 27, down 13 days from one year ago, while median days on market dropped by 7 days to just 8 days versus one year ago. Matthews homes continue to sell quickly.
Closed sales and pending sales increased. Closed sales increased 15.4% and pending sales increased 73.7% year-over-year.
With homes selling at 97.9% 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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