Matthews, NC (28105 Zip Code) Housing Market Update:
Matthews (28105 zip code) real estate report/snapshot for July 2019. Matthews remained a seller’s market in July 2019 with the months supply of inventory remaining low at 2.3 months. (A balanced market would have 4 to 6 months of inventory.)
Inventory was up slightly by 2.3%. However, new listings increased 13.2% in July, no doubt contributing to the increases we saw in closed and pending sales and reversing the trend of the prior month of June when both closed and pending sales were down year-over-year.
Average sale prices of homes increased (5.7%) year-over-year. Median sale prices also increased 4.3% compared with July 2018.
Although, days on market increased in July 2019, homes are still selling quickly — in 23 days on average and with median days on market at 12 days. And average days on market were down month-over-month.
With homes selling at 98.1% of asking price, buyers have minimal to negotiate and still need to be prepared to make clean offers with a minimum of contingencies.
How The Matthews Housing Market Performed In
July 2019 versus July 2018
It continues to be a seller's market in Matthews and the 28105 zip code and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.
Did you know Matthews, North Carolina was ranked as the #5 best Charlotte suburb to live in and #11 best suburb in North Carolina to live in? So why not...
PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES
This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Matthews specialists, opening doors for Matthews home buyers and sellers for 20+ years.
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, to exceed your expectations, and to show you how: