April 2018 home sales in Matthews, North Carolina (28105 zip code) saw home sale prices substantially increasing, pending and closed sales also increasing by double digits. Market inventory remains tight and buyer demand continues to exceed supply.
The average sale price of Matthews homes increased by double digits for the fourth month in a row at 13.0% to just over $299,000 as compared with the same period one year ago. The median price of homes also increased by 6.7% versus April 2017.
Average days on market for property listings were 33 days. Median days on market were 9 days in April 2018. In other words, homes continue to sell quickly.
Average price per square foot increased by 9.6% to $125/square foot in April 2018 versus the same period in 2017. Pending sales were up 10.5% in April versus the same month last year. Closed sales were up 10.3%
During April 2018, the number of showings until pending contract per listing averaged 20 showings while the number of showings per listing averaged 9.3 (a 1.1% increase year-over-year).
The median percent of original list price that sellers received for their homes was 98.7%, showing little negotiating room for homes in Matthews, North Carolina.
New listings increased by an anemic 0.6% versus April 2017. Matthew area's months supply of homes decreased 4.4% to 2.2 months. Inventory of homes was down 3.5% year-over-year. The combination of a lack of new listings and decrease in the supply of homes essentially indicates continuing increases in home prices as we start the second quarter of 2018.
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.
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PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES
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
Matthews Housing Market Update: February 2018
Matthews Housing Market Update: March 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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