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What Happened In The Matthews, NC Housing Market In February 2017

 
February 2017 home sales in Matthews, North Carolina (28105 zip code) continued the new year on a high note with sale prices increasing, days on market decreasing, available inventory tightening, pending and closed sales increasing.
 
The average sale price of Matthews homes increased by 5.2% to just under $263,000 as compared with  the same period one year ago. 
 
Average days on market for property listings dropped by 11 days to 31 days from 40 days just one year ago--a 22.5% improvement over the same period last year. Median days on market also dropped by 37.5% to 10 days in February 2017. 
 
Average price per square foot increased by 7.6% to $113/square foot in February 2017 versus the same period in 2016. Pending sales decreased slightly by 0.4% in February versus the same month last year, more than likely due in great part to the lack of inventory. February closed sales  increased 4.7%.
 
During February 2017, the number of showings until pending contract per listing averaged 21 showings and the number of showings per listing averaged 8.4 showings (a 7.7% improvement versus the same time period one year ago). Given the reduced number of available homes for sale, it's not surprising that those homes listed get more "traffic" prior to going under contract.
 
The median percent of original list price that sellers received for their homes was up ... more

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