Matthews (28105 Zip Code) Homes Selling More Quickly Than Ever

By
Real Estate Agent with Coldwell Banker Realty

 

Latest news on the Matthews (28105 zip code) real estate market in May 2021 and what it means for you...  

 

Matthews housing market continues to see extremely low inventory with the months supply of inventory razor-thin at 0.6 months (down 64.7% year-over-year from 1.7 months in May 2020 and down from 2.5 months in May 2019). Inventory of homes was down 65.2% year-over-year. New home listings decreased 23.8% year-over-year. Matthews homes sold in about two weeks, on average. In other words, Matthews homes are selling about as quickly as they are coming on the market.

 

Average sale prices of homes increased 1% year-over-year to $352,255. Median home sale prices increased 13.8% to $341,250 year-over-year.  Price per square foot increased 18.3% year-over-year to $168/square foot (up $26/square foot).

 

Average days on market were 16 days, down 50% from 32 days the same time period one year ago.  Median days on market decreased 12 days to 3 days versus one year ago, an 80% drop. Matthews homes sold almost as quickly as they came on the market in May 2021.

 

Closed sales increased 33.3% year-over-year. Pending sales decreased 29.3% year-over-year. With the lack of inventory and new listings, it's no surprise that pending sales were down.

 

With a median selling price of 103.9% of asking price (up 5.9% over May 2020), buyers should expect minimal to no room to negotiate.

   

 

    Want to know what this would mean for your family if you decide to buy or sell a Matthews home?

 

Curios about the Charlotte area real estate market? Call Nina Hollander.

   We can help.

Call us today at 704-779-0813 or contact us here.

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MORE INFORMATION ON THE MATTHEWS HOUSING MARKET'S PERFORMANCE

 

 Matthews (28105 Zip Code) Housing Market Highlights:

May 2021 versus May 2020

Matthews/28105 Zip Code Housing Market Snapshot For May 2021  

Lack of inventory continues to keep Matthews and the 28105 zip code a home seller's market and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.

  This lack of inventory coupled with continued buyer demand for homes in Matthews assures home sellers of a quick sale at top dollar and minimal sales contingencies.  

 

 Did you know Matthews, North Carolina was ranked as the #5 best Charlotte suburb to live in and the #11 best suburb in North Carolina to live in? So why not...

 

 CHECK OUT 8 OF THE HOTTEST NEIGHBORHOODS IN MATTHEWS 

 

Hot Matthews, NC Neighborhoods

   

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

   

 FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR MATTHEWS, NC HOME IS WORTH?

 

What's My Home Worth?

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

Median Home Sale Price Trends For Matthews Homes

 

This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty,  your Charlotte metro area residential real estate experts and Matthews specialists. We've been 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:

"The Right Broker Makes All The Difference."

 

 

 

Read the original post at www.GreatHomesInCharlotte.com
 

 

   

Posted by

 

 

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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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.

 

Comments (30)

Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Prices are going to continue to rise with inventory being that low and demand staying high.

Jun 13, 2021 05:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England you are so right, Brian... no levelling off in home prices until supply of homes increases.

Jun 13, 2021 05:56 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I agree with Brian England , and one day the pendulum will swing back...and when? I have no idea.  A

Jun 13, 2021 06:59 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, Matthews is not an exception for low inventory and strong sales.  Great report.

Jun 13, 2021 07:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I also have no idea as to when, but it's a very slow moving pendulum.

Jun 13, 2021 07:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox thanks, Joan... it's pretty much the same story from one area of Charlotte region to the next.

Jun 13, 2021 07:27 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander, Broker - Now more than ever, buyers need the savvy experience of someone like you to help them navigate the Matthews market. 

Jun 13, 2021 09:17 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hello there Nina! Looks like you have a great market going on there in Matthews

Jun 13, 2021 09:26 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and unreal the market in the whol;e country.  I know everything will change sometime but when?

 

Jun 13, 2021 10:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri.... I don't know how anyone can navigate this insane market, whether buying or selling, without the assistance of an experienced agent.

Jun 13, 2021 12:25 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky.... Matthews has always been a popular option in the Charlotte area... but these days it's insane.

Jun 13, 2021 12:26 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... I don't expect to see many changes for a while. We have a housing shortage in this country and it's not going away any time soon.

Jun 13, 2021 12:27 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina houses were selling out there super fast, so it is had to imagine them selling even faster.

Jun 13, 2021 01:36 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- -Matthews looks like a really popular area!!!  And you definitely are the expert for Matthews. 

Jun 13, 2021 06:04 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Matthews home buyers and sellers are sure to value your real estate market report, Nina.

Jun 13, 2021 08:43 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina, I am starting to see a different trend... just walking in my neighborhood within four blocks five listings and two weeks later still no Pending Signs....Endre

Jun 13, 2021 10:33 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto good morning, George... unbelievably, we have some parts of the Charlotte area where homes are selling more quickly than in 16 days.

Jun 14, 2021 04:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib good morning, Kathy... Matthews has long been a popular town in the Charlotte area because of affordability. 

Jun 14, 2021 04:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Monday morning, Myrl... thanks for stopping by... wishing you a wonderful new week ahead.

Jun 14, 2021 04:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... not quite seeing that here yet... unless a home was overpriced from the get-go. But I am seeing a lot of price reductions in the higher end homes. Of course, if it was my signs you were seeing, you wouldn't see a pending sign until the house is out of due diligence, which is 2-3 weeks... I'm kind of superstitious that way.

Jun 14, 2021 04:35 AM