Latest news on Matthews' (28105 zip code) real estate market in November and what it means for you...
Matthews housing market continues to see low inventory with the months supply of inventory razor-thin at 0.8 months (down 61.9% year-over-year from 2.1 months). Inventory of homes was down 56.8% year-over-year. New listings decreased 27.1% year-over-year and homes sold quickly (in under two weeks, on average).
Average sale prices of homes increased 15.9% year-over-year to $345,242, while median home sale prices increased 13.9% to $319,500 year-over-year. Price per square foot increased 15.7% year-over-year to $155/square foot (up $21/square foot).
Average days on market were 13, down 15 days from the same time period one year ago. Median days on market decreased 6 days to 3 days versus one year ago. Clearly, Matthews homes sold almost as quickly as they came on the market in November 2020.
Closed sales decreased 3.1% year-over-year, no doubt due to the lack of inventory to sell. Pending sales increased 13.1% year-over-year.
With a median selling price of 100% of asking price (up 2.5% over November 2019), buyers should expect minimal to no room to negotiate.
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MORE INFORMATION ON THE MATTHEWS HOUSING MARKET'S PERFORMANCE
Matthews (28105 Zip Code) Housing Market Highlights:
November 2020 versus November 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 real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Greater Charlotte area residential real estate experts and Matthews specialists. We've been opening doors for Matthews home buyers and sellers for 20+ years.
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 how:
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Read the original article at www.GreatHomesInCharlotte.com
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