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Matthews, NC (28105 Zip Code) Housing Market Update/Video: May 2018

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

June 08, 2018 04:27 AM

Matthews, North Carolina Housing Market Update/Video:

May 2018

May 2018 home sales in Matthews, North Carolina (28105 zip code) saw home sale prices substantially increasing, pending and closed sales also increasing. Market inventory remains tight and buyer demand continues to exceed supply.

The average sale price of Matthews homes increased by double digits for the fifth consecutive month by 12.7% to just over $301,000 as compared with the same period one year ago. The median price of homes also increased by 7.3% versus May 2017.

Average days on market for property listings were 34 days. Median days on market were 9 days in May 2018. In other words, homes continue to sell quickly.

Average price per square foot increased by 9.6% to $126/square foot in May 2018 versus the same period in 2017. Pending sales were up 6.2% in May versus the same month last year. Closed sales were up 13.6%

During May 2018, the number of showings until pending contract per listing averaged 20 showings (down 4.8% versus May 2017), while the number of showings per listing averaged 9.5 (a 5.6% increase year-over-year).

The median percent of original list price that sellers received for their homes was 98.7%, showing little negotiating room for homes in Matthews, North Carolina.

New listings decreased 2.3% versus May 2017. Matthew area's months supply of homes decreased 12.5% to 2.1 months. Inventory of homes was down 8.3% year-over-year. The combination of a lack of new listings and decrease in the supply of homes essentially indicates continuing increases in home prices as we begin the last month of the second quarter.

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.

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

WONDERING WHAT YOUR MATTHEWS, NC HOME IS WORTH?

PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES

Matthews Housing Market Update: April 2017

Matthews Housing Market Update: May 2017

Matthews Housing Market Update: June 2017

Matthews Housing Market Update: July 2017

Matthews Housing Market Update: August 2017

Matthews Housing Market Update: Sepetember 2017

Matthews Housing Market Update: October 2017

Matthews Housing Market Update: November 2017

Matthews Housing Market Update: December 2017

Matthews Housing Market Update: January 2018

Matthews Housing Market Update: February 2018

Matthews Housing Market Update: March 2018

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:

"The Right Broker Makes All The Difference."

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Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Nina, the Matthews real estate market is still HOT, and days on market and home values are amazing!

Jun 08, 2018 05:22 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Joan Cox ~ hi Joan... five consecutive months of double digit increases in sale prices is amazing... it's hurting a lot of first time buyers who often looked to Matthews as an affordable place to buy that first home.

Jun 08, 2018 05:36 AM

Joan Cox

Denver, CO

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

Good morning, Nina Hollander looks like a healthy market in Matthews, NC... if only the listing end would loosen up....

Jun 08, 2018 05:57 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

With buyer demands and low inventory in Matthews NC, consumers will make the right choice by working with you Nina while keeping them updated on the market!

Jun 08, 2018 06:16 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Good morning Nina. Thanks for keeping us informed about the real estate market in Matthews, NC.

Jun 08, 2018 06:34 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Nina,

As usual a very nice report on the market in Mathews. This morning we went out for a cup of coffee at our favorite little place, and I thought of you. We sat accross from three men speaking Russian I could understand every word. And I could form replies in my head. Interestingly enough, one of the locals approached them, and it turns out that they come every year, and have lived back East for 19 years...originally from the Ukraine. A

Jun 08, 2018 08:46 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Ron and Alexandra Seigel ~ hi Alexandra... I love being a fly on the wall when people speak in another language and don't know that I can understand what they are saying. By the same token, when my brother and I didn't want anyone to hear what we were talking about we'd speak in Russian. My husband always spoke to me in French when the grands were young and he didn't want them to know what he was saying to me.

Jun 08, 2018 10:12 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Gabe Sanders ~ hi Gabe... thanks, as always, for taking time to pop by and leave a comment. Wishing you a lovely weekend to come.

Jun 08, 2018 10:13 AM

Gabe Sanders

Stuart, FL

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ hi Sheila and Larry... thanks for the great endorsement. The problem these days seems to be that I can keep people informed, but can't seem to find them something to buy if they are entry level buyers.

Jun 08, 2018 10:14 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Barbara Todaro hi Barbara... that lack of inventory is what is driving double digit sale price increases month after month.... and it's keep a lot of first time buyers out of the market unfortunately.

Jun 08, 2018 10:15 AM

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Good afternoon Nina - another well done market report. Need those new listings.

Jun 08, 2018 10:35 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Roy Kelley

Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Jun 08, 2018 11:17 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Grant Schneider thanks, Grant. You are so right... we are desperate for new listings especially those under $300K.

Jun 08, 2018 11:18 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Roy Kelley ~ thanks, Roy, for popping by. Wishing you and Dolores a wonderful weekend.

Jun 08, 2018 11:25 AM

Roy Kelley

Gaithersburg, MD

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Nina Hollander my parents spoke in Italian when they did not want me to understand. When I grew up, I learned Italian enough to know what they where up to. LOL A

Jun 08, 2018 12:55 PM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Ron and Alexandra Seigel well, our grands never bothered to really learn any French to know what was up! My mother and grandmother would speak Lithuanian to keep my brother and me from understanding and that was one language I really did not need to know!

Jun 08, 2018 12:57 PM

Ron and Alexandra Seigel

Carpinteria, CA

Ron and Alexandra Seigel

I have had Lithuanian friends, and I know what you mean in trying to learn that one...Italian was easy, so much like the French I knew. A

Jun 08, 2018 01:03 PM

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

It's always nice to see what's happening in Matthews North Carolina and it's housing market. Thank you for the much-needed update Nina...

Jun 08, 2018 10:54 PM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®,CRS, good morning, Paul... the unfortunate thing is that Matthews was a great destination point for many entry level buyers and that is quickly disappearing with the increases in home prices.

Jun 09, 2018 04:07 AM

Roy Kelley

Retired - Gaithersburg, MD

Have a very special day and an outstanding week.

We expect afternoon thunderstorms and a flood watch is posted.

Jun 10, 2018 07:13 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Roy Kelley ~ thanks, Roy. It's sunny, hot and humid here in Charlotte. They keep threatening showers, but so far this weekend not so much. Hopefully there won't be any flooding at your end that is disruptive.

Jun 10, 2018 07:49 AM