Matthews NC Real Estate Market Second Quarter 2012—Four Facts
It's time to look at the real estate market in Matthews NC and to assess how home buyers and home sellers fared during the second quarter of 2012.
Here are four facts about the Matthews marketplace in April to June 2012.
- The median closed price of single family homes increased 9% in the second quarter over the first quarter.
- The second quarter median price remained 5.5% below the 2011 median price
- More than twice as many homes sold in the second quarter compared to the first quarter.
- Median days on market dropped more than half from the first quarter.
- Distressed sales accounted for a quarter of all closings in the second quarter.
What do these four facts mean for Matthews NC buyers and sellers?
- Matthews sellers were able to sell their homes faster and at a higher price than in the first quarter.
- With the median closed price still lower than in 2011 and distressed sales a sizeable share of the market, home buyers can find bargains in the Matthews real estate market.
Want to learn more about the real estate market in Matthews NC and see all the numbers for each of the past four years? Click on the link below.
Matthews NC Real Estate Market Report—April-June 2012
Copyright 2012. Carol Fox. Allen Tate Realtors. *Matthews NC Real Estate Market Second Quarter 2012—Four Facts*
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