Matthews, NC (28105 Zip Code) Housing Market Update/Video: April 2018

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

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.  With inventory so tight, you might want to check out 10 of the hottest selling Matthews and Mint Hill neighborhoods.


 

 

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

 

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WONDERING WHAT YOUR MATTHEWS, NC HOME IS WORTH?

 

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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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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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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.

 

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Rainmaker
2,554,478
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Nina,  Another great report for buyers and sellers in your area and us here in the rain.  Make it a good day!

 

May 01, 2018 08:05 AM #1
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ thanks, Will... beautiful spring day here in Charlotte and hope it is at your end as well.

May 01, 2018 08:49 AM #2
Rainmaker
4,219,723
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Nina Hollander anyone who is thinking of buying and/or selling in Matthews, NC would be wise to call Nina Hollander for guidance... Nina has provided well researched information for all to absorb.... 

May 01, 2018 08:50 AM #3
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Barbara Todaro ~ hi Barbara... high praise coming from you and I appreciate more than you know!

May 01, 2018 08:53 AM #4
Rainmaker
4,219,723
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Nina Hollander once a buyer and/or seller meets you and converses with you, it's a no brainer!!!  Intelligent and well-versed on all real estate topics.... your clients will thank me, after they hire you.....

May 01, 2018 08:57 AM #5
Rainmaker
1,981,049
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hi Nina: I find so many market reports tend to go into one ear and out the other. Unless a seller is thinking about selling, and then they care about market reports. But you have presented the Matthews Housing Market report in simple, easy-to-understand terms for anybody.

May 01, 2018 09:15 AM #6
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ hi Elizabeth... I agree with you on the whole... and that's why I put it in video form which anyone can quickly digest in less than a minute and a half. What I find these reports do is provide a certain level of street "cred" when I share them to linkedin and facebook.

May 01, 2018 10:14 AM #7
Ambassador
2,675,380
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 i’m always glad to see how current you are on your market reports and how you stay on top of what’s going on in all your areas Nina Hollander 

May 01, 2018 10:50 AM #8
Rainmaker
3,687,444
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

What I like about your market reports is that they are easy to read, precise and to the point.  Happy Tuesday.  A

May 01, 2018 10:52 AM #9
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ hi Paul... thank you... let's face it, at some point any idiot can open doors to show homes. What value we bring to the table is our knowledge of the marketplace and ability to articulate its meaning to our clients.

May 01, 2018 10:53 AM #10
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel ~ thanks, Alexandra. Even a numbers "geek" like myself finds reading reports like this deadly... so I'm very conscious of making them as simple to follow as possible for the non-geeks out there.

May 01, 2018 10:54 AM #11
Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina you have been in a strong Seller's Market for a while now, and it looks like that will continue at least in the near future.  As always good touch with the video.

May 01, 2018 11:10 AM #12
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto ~ hi George... you're right... until we have more inventory the seller's market will continue.

May 01, 2018 11:32 AM #13
Rainmaker
3,486,290
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, your market reports are so thorough, and packed with valuable information, and anyone looking in Matthews, should give you a call.

May 04, 2018 05:13 AM #14
Rainmaker
4,204,072
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 keeping us informed about the real estate market in Matthews, NC.

 

May 04, 2018 05:21 AM #15
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox ~ good morning, Joan... right now what I'd love more than buyers is for a few Matthews sellers to give me a call!

May 04, 2018 05:36 AM #16
Rainmaker
2,352,517
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ hi Gabe... thanks for popping by... you don't know anyone looking to sell in Matthews, do you? 

May 04, 2018 05:36 AM #17
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