Matthews, NC (28105 Zip Code) Housing Market Update:
January 2020
Latest news on the Matthews real estate market and what it means for you...
Matthews remained a seller’s market in January 2020 with the months supply of inventory remaining razor-thin at 1.5 months (down 34.8% year-over-year from 2.3 months). Inventory was down 25.4%, as were new listings, which were down 24.7% in January versus the same month one year ago.
Average sale prices of homes decreased 27.9% year-over-year to 265,927, while median home sale prices decreased 5.2% to $270,000 year-over-year. This decrease in home prices should not be attributed to a drop in home values in Matthews. Rather, it's more reflective of the price points of homes that sold in January. Price per square foot increased 7% year-over-year to $138/square foot.
Average days on market were 39, down 15 days from one year ago, while median days on market dropped by 5 days to just 15 days versus one year ago. Matthews homes continue to sell quickly.
Closed sales and pending sales increased. Closed sales increased 58.3% and pending sales increased 12.7% year-over-year.
With homes selling at 97.8% of asking price, buyers should expect minimal room to negotiate.
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Matthews (28105 Zip Code) Housing Market Highlights:
January 2020 versus January 2019
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...
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Median Home Sale Price Trends For Matthews Homes
PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES
Matthews Housing Market Update: December 2019
Matthews Housing Market Update: November 2019
Matthews Housing Market Update: October 2019
Matthews Housing Market Update: September 2019
Matthews Housing Market Update: August 2019
Matthews Housing Market Update: July 2019
Matthews Housing Market Update: June 2019
Matthews Housing Market Update: May 2019
Matthews Housing Market Update: April 2019
Matthews Housing Market Update: March 2019
Matthews Housing Market Update: February 2019
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:
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First published at: https://greathomesincharlotte.com/housing-market-reports-updates/matthews-real-estate-report-january-2020/
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