December 2017 home sales in Matthews, North Carolina (28105 zip code) saw home sale prices substantially increasing, pending and closed sales also increasing.
The average sale price of Matthews homes increased by 10.6% to just over $290,000 as compared with the same period one year ago.
Average days on market for property listings were up by 2 days to 33 days. Median days on market were flat at 9 days in December 2017. Holiday seasonality more than likely played some role here, but at 33 days on market, Matthews homes were selling day more quickly than the Charlotte metro market as a whole.
Average price per square foot increased by 8.0% to $122/square foot in December 2017 versus the same period in 2016. Pending sales were up 6.9% in December versus the same month last year. Closed sales were up 5.7%
During December 2017, the number of showings until pending contract per listing averaged 21 showings (flat versus last year) while the number of showings per listing averaged 8.9.
The median percent of original list price that sellers received for their homes was up 0.1% compared with last year at 98.5%, showing little negotiating room for homes in Matthews, North Carolina.
New listings increased by 5.7% versus December 2016. Matthew area's months supply of homes increased 9.1% to 2.4 months, but still keeping Matthews very much a seller's market.
It continues to be a true seller's market in the 28105 zip code and a very competitive environment for home buyers in Matthews, North Carolina. With inventory so tight, you might want to check out 10 of the hottest selling Matthews and Mint Hill neighborhoods.
Matthews Local Market Update - December 2017
PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES
This Charlotte, North Carolina real estate monthly update for Matthews, NC is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants and Matthews specialists.
If you are considering selling or purchasing a home in Matthews or anywhere in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:
Originally posted at: https://www.greathomesincharlotte.com/matthews-nc-housing-market-update-december-2017