What Happened In The Matthews, NC Housing Market In February 2018?

By
Real Estate Agent with Coldwell Banker Realty 179530

Matthews, NC Housing Market Update

 

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

 

 

 

 

 

 


 

 

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: 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."

 

 

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (22)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin ~ hi Wayne... Matthews is on fire... and while always known to be affordable quickly losing an aspect of affordability.

Mar 04, 2018 03:30 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Anthony Acosta - ALLATLANTACONDOS.COM ~ thanks, Anthony for stopping by. Trust you've enjoyed your weekend and are looking forward to a production new week.

 

Mar 04, 2018 03:31 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Here you go again with a great market report on The Mathews, North Carolina housing market in February 2018. Well done Nina Hollander 

Mar 04, 2018 05:25 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina clearly The Mathews  Real Estate Market is on Fire, hope you are on the listing side of this momentum, Endre

Mar 04, 2018 11:07 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Mar 05, 2018 02:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gita Bantwal ~ thanks, Gita... trust you had a lovely weekend and are now looking forward to a great new week.

Mar 05, 2018 04:02 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. ~ good morning, Endre... would love to find a listing to sell in Matthews!

Mar 05, 2018 04:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®,CRS, ~ thanks, Paul. It's that time of the month to get the reports out again.

Mar 05, 2018 04:04 AM
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

Increasing home sales in the Matthews neighborhood is going to put a smile on the sellers faces!

Mar 05, 2018 04:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ hi Larry and Sheila... there was no shortage of sales in Matthews... a bit of a bump up in listings has increased sales unlike in many other parts of the Charlotte metro area where new listings are decreasing. What is seriously putting smiles on the faces of Matthews sellers is double digit price increases month after month.

Mar 05, 2018 04:15 AM
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 the information and update about the Matthews, NC real estate market.

 

Mar 05, 2018 05:18 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

All over the country we need more listings in all price points of the market. Hope you pick up some listings in Matthews soon.

Mar 05, 2018 05:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nick & Trudy Vandekar, 610-203-4543 ~ hi Nick... Matthews isn't quite as bad as a few other parts of town where sales are down double digits due to the lack of inventory.

Mar 05, 2018 05:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gabe Sanders ~ thanks again, Gabe, for popping by. Have a marvelous Monday!

Mar 05, 2018 06:00 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your reports always tell the whole story and I am sure that people are pleased to know what is going on in Matthews!

Mar 05, 2018 06:51 AM
Eleanor Thorne
Equity Resources - Cary, NC
Advantage Lending 919-649-5058

WOW!  "Average days on market for property listings were  33 days. Median days on market  were 9 days in February 2018."  This is great information for Buyers and Sellers!

 

I'll bet March is just as crazy, we had 5 new contracts come to us over the weekend!  Crazy buzy in the Charlotte Market right now!

Mar 05, 2018 07:34 AM
Roy Kelley
Retired - Gaithersburg, MD

Matthews home sellers will be in very good hands when they select you as their listing agent.

Mar 05, 2018 08:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eleanor Thorne ~ hi Eleanor... it's certainly crazy, but sales are suffering in many parts of the Charlotte metro area... at the end of the day you can't sell what you don't have to sell. And prices keep going up as a result making it harder for many buyers to get into a home.

Mar 05, 2018 09:00 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England ~ hi Brian... I come from the school of thought that if I'm going to report on something it might as well be thorough and easily understood. Otherwise, why bother.

Mar 05, 2018 09:02 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley ~ hi Roy... I just wish there were a few more Matthews home owners who would decide on listing their homes. 

Mar 05, 2018 09:03 AM