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

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Real Estate Agent with Coldwell Banker Residential Brokerage | Charlotte, NC

 

Matthews, North Carolina Housing Market Update/Video:

July 2018

 

July 2018 home sales in Matthews, North Carolina (28105 zip code) saw home sale prices, pending and closed sales all increasing. Market inventory remains tight and buyer demand continues to exceed supply.

 

 

 

 

Average sale price of Matthews homes increased  by 8.2% to just over $302,000 as compared with  the same period one year ago. The median price of homes also increased by 4.7% versus July 2017.

 

Average days on market for property listings were 33 days. Median days on market were 8 days in July 2018. In other words, homes continue to sell quickly.

 

Average price per square foot increased by 7.6% to $127/square foot in July 2018 versus the same period in 2017. Pending sales were up 1.4% in July versus the same month last year. Closed sales were up 6.9%

 

During June 2018, the number of showings until pending contract per listing averaged 20 showings (down 9.1% versus July 2017), while the number of showings per listing averaged 9.5 (a 5.6% increase year-over-year). With the lack of inventory, homes coming on the market obviously get more traffic as demand outstrips supply, but with homes selling quickly the average number of showings until contract are curtailed.

 

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 decreased 9.1% versus July 2017. Matthew area's months supply of homes decreased 16.7% to just 2 months. Inventory of homes was down 14.9% 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. 

 

Clearly, 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.  

 

 

CHECK OUT 10 OF THE HOTTEST NEIGHBORHOODS IN THE MATTHEWS/MINT HILL AREA TO WATCH IN 2018

 

 

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PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES

 

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

Matthews Housing Market Update: April 2018

Matthews Housing Market Update: May 2018

Matthews Housing Market Update: June 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 residential real estate experts and Matthews specialists. 

 

If you're considering selling or purchasing a home in Matthews or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove that:

"The Right Broker Makes All The Difference."

 

 

Originally published at:  https://greathomesincharlotte.com/housing-market-reports-updates/matthews-nc-housing-market-update-july-2018/ 

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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2018 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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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Very short inventory means buyers need to be ready to make an offer and make it a good one. Have a good weekend, Nina.

Aug 04, 2018 05:41 PM #1
Rainmaker
1,590,619
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

you always give us such good information! thanks for the market update on Matthews NC

Aug 04, 2018 06:31 PM #2
Ambassador
2,893,106
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I'm glad to see Matthews North Carolina under the microscope in your latest housing market update and video Nina. You're so good at this.

Aug 04, 2018 10:08 PM #3
Rainmaker
4,303,019
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 

Aug 05, 2018 03:37 AM #4
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal thanks, Gita... and thanks for stopping by. Wishing you a lovely Sunday!

Aug 05, 2018 04:14 AM #5
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, good morning, Paul, and thank you for the complimentary words. Here's wishing you a great Sunday!

Aug 05, 2018 04:15 AM #6
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds good morning, Debbie... our inventory woes are not yet going away... very hard on buyers. Happy Sunday to you!

Aug 05, 2018 04:16 AM #7
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe thanks, Lise, for popping by. Always great to hear from you and trust you are enjoying your weekend.

Aug 05, 2018 04:16 AM #8
Rainmaker
1,849,426
Patricia Feager, MBA, CRS, GRI
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - When it comes to providing value to prospective buyers and sellers, you don't cheat or tease. You tell the facts in the most creative way. I prefer to do business with people like you but I'm finding less and less who possess the competent skills, such as you have achieved. 

Aug 05, 2018 04:32 AM #9
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager hi Patricia... aren't you nice! The skills you talk about I really developed in the corporate world and have translated them to real estate... so my MBA in Finance and my experience in finance has held me in good stead in this profession.

Aug 05, 2018 04:39 AM #10
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