January 17, 2018

December 2017 Matthews Real Estate Market Conditions

By Julie P. Tuggle

As of December 31, 2017, the inventory of homes for sale came in at 149 homes, compared to 173 for December, 2016. That’s a drop of 24 units, representing a decrease of 13.9%. The number of months supply of homes for sale declined from 1.7 to 1.4, a loss of 17.6%. A relentless seller’s market  has cooled somewhat, as evident in the percent of original list price received, which was 96.8% last December, but has now decreased to 96.1%, a loss of .7%. The current median sales price of $289,000 represents a modest $1,500 increase from December, 2016, a gain of .5%.

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Carolina Buyer’s Agent Julie P. Tuggle

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