February 2018 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 double digits for the second month in a row at 13.3% to just under $297,000 as compared with the same period one year ago.
Average days on market for property listings were 33 days. Median days on market were 9 days in February 2018.
Average price per square foot increased by 9.7% to $124/square foot in February 2018 versus the same period in 2017. Pending sales were up 8.2% in February versus the same month last year. Closed sales were up 6.0%
During February 2018, the number of showings until pending contract per listing averaged 15 showings (flat versus last year) while the number of showings per listing averaged 9.1 (a 2.2% reduction year-over-year).
The median percent of original list price that sellers received for their homes was 98.5%, showing little negotiating room for homes in Matthews, North Carolina.
New listings increased by 7.2% versus February 2017. Matthew area's months supply of homes increased by one tenth of one percent to 2.3 months. It appears new listings are helping sales increase in Matthews (unlike in other parts of the Charlotte metro area where lack of inventory is putting negative pressure on sales), but not yet enough to dampen increases in sale prices. Matthews very much remains 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.
Matthews Housing Market Update - February 2018
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PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES
Matthews Housing Market Update: February 2017
Matthews Housing Market Update: March 2017
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
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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