Matthews Real Estate: August 2023
Matthews real estate market in July 2023 saw higher median home sale prices year-over-year. Days on market declined 18 days from June. Housing inventory was flat compared with June 2023, but new listings declined 22.4% from June and 42.31% from July one year ago. List to sale price ratio still at 100+%, leaving little room for buyers to negotiate. Low inventory and lack of new listings kept Matthews a home seller's market with 2.85 months supply of inventory.