Matthews Real Estate September 2020
Matthews real estate September 2020 remained a home seller’s market, as evidenced by extremely low inventory and months supply of inventory, decreases in days on market, and increased pending and closed sales. Pent-up buyer demand is still greater than supply of homes to purchase in the 28105 zip code.
Matthews Real Estate September 2020 Update
Latest news on Matthews real estate market (28105 zip code) in September 2020 and what it means for you…
Matthews homes sales continued to rebound in September 2020, despite the pandemic, as evidenced by the 34.3% increase in pending sales compared with September 2019.
Matthews housing market continues to see low inventory with the months supply of inventory razor-thin at 0.9 months (down 59.1% year-over-year from 2.2 months). Inventory of homes was down 51.1% year-over-year. Although new listings increased 21.6% year-over-year, homes sold quickly and lack of inventory was in no way alleviated.
Average sale prices of homes decreased 21.1% year-over-year to $366,172, while median home sale prices increased 14.1% to $325,000 year-over-year. Price per square foot increased 10.2% year-over-year to $151/square foot (up $14/square foot).
Average days on market were 32, down 8 days from the same time period one year ago. Median days on market decreased by 13 days to 4 days versus one year ago. Clearly, Matthews homes sold almost as quickly as they came on the market in September 2020.
Closed sales increased 9.1% year-over-year. Pending sales increased 434.3% year-over-year.
With a median selling price of 100% of asking price (up 1.9% over September 2019), buyers should expect minimal to no room to negotiate.
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MATTHEWS REAL ESTATE HIGHLIGHTS
September 2020 vs September 2019
Lack of inventory continues to keep Matthews and the 28105 zip code a home seller’s market and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.
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This Charlotte, North Carolina Matthews real estate September 2020 update is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real estate expert and Matthews specialist. I’ve been opening doors for Matthews home buyers and sellers since 1999.
If you’re considering selling or purchasing a home in Matthews or anywhere in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:
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