Matthews (28105 zip code) real estate report/snapshot for September 2019. Matthews remained a seller’s market in Septemnber 2019 with the months supply of inventory remaining low at 2.1 months. Inventory was down 15% despite an increase in new listings of 18.6% in September. This, no doubt, contributed to the 52.3% increase in pending sales. Average sale prices of homes decreased 4% year-over-year to just under $300,000. Average days on market dropped 9 days to 38 days in September 2019 versus September 2018. With homes selling at 98.1% of asking price, buyers have minimal room to negotiate.
Matthews, NC Housing Market Snapshot: September 2019
Average sale price of Matthews area homes was $299,481 in September 2019, down 2.9% year-over-year.
Median sale price for Matthews area homes in September 2019 decreased 3.4% versus one year ago to $285,000. However, median sale prices are up month-over-month.
Average days on market for property listings in Matthews during September 2019 were 38 days, down 9 day compared with September 2018.
Median days on market were 17 days in September 2019, down 3 days compared with one year ago.
Average price per square foot was $136/square foot (up $1/square foot) in September 2019 versus the same period in 2018.
Pending salesin Matthews increased 52.3% in September 2019 versus the same month last year.
Closed sales in Matthews dropped by 3% in September 2019 compared with the same month one year ago.
New listings in Matthews increased 18.6% versus September 2018, no doubt contributing to the increase in pending sales in September 2019.
Months supply of inventorywas 2.1 months (down 16% year-over-year), keeping Matthews a seller’s market overall in September 2019.
Median percent of original list price that sellers received for their homes was 98.1%. Minimal room for buyers to negotiate in the Matthews/28105 zip code in September.
How The Matthews Housing Market Performed In September 2019 versus September 2018
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