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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update August 2017

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Mooresville Real Estate Market Stats for August 2017

Mooresville Homes
In August 2017 184 homes sold in the Mooresville real estate market, a 17.2% increase from the 157 Mooresville homes sold in July 2017. August 2017 sales figures increased 8.2% from August 2016 when 170 homes sold in the Mooresville real estate market.

The average sales price decreased 2.8% from $400,664 in July to $389,618 in August. The August 2017 average sales price decreased 4.5% from the August 2016 average sales price which was $407,777.

Average days on the market increased 8% from 63 days in July to 68 days on the market in August. The August 2016 average days on the market were 61, an 11.5% increase in market time from the same period last year.

Currently there are 658 active homes for sale in Mooresville, down 3.4% from August. The average list price is $601,227 up .3% from the August average list price of $599,375. 293 Mooresville homes are currently under contract, down 7.6% from August. Based on these numbers, just over 3.6 months of inventory, we are currently in a sellers market in the Mooresville area.

It is a great time to sell your home in Mooresville! Request a free market analysis or keep updated on the Mooresville real estate market on our website: MooresvilleHomePrices.com

Stay up to date on the Mooresville real estate market with our free Mooresville real estate market watch: Mooresville Real Estate Market Report

Mooresville Condos & Townhomes
In August 2017 11 condos/townhomes sold in the Mooresville real estate market, a 26.7% decrease from the 15 Mooresville condos and townhomes sold in July. August 2017 sales figures decreased 59.3% from August 2016 when 27 Mooresville condos sold.

The average sales price decreased 4.6% from $180,352 in July to $172,091 in August. The August 2017 average sales price decreased 5.1% from the August 2016 average sales price which was $181,348.

Average days on the market decreased 50% from 54 days in July to 27 days on the market in August. The August 2016 average days on the market were 53, a 49.1% decrease in market time.

Currently there are 34 active condos for sale in Mooresville, a 48% increase from the 23 active condos for sale in August. The average list price is $208,983, up 1.1% from August’s average list price of $206,691. 21 Mooresville condos/townhomes are currently under contract, a 0% decrease from August. Based on these numbers, just over 3.1 months of inventory, we are currently in a sellers market in the Mooresville condo real estate market.

Stay up to date on the Mooresville real estate market with our free Mooresville real estate market watch: Mooresville Real Estate Market Report

Mooresville Lots
In August 2017 16 lots sold in the Mooresville real estate market, a 5.9% decrease from the 17 Mooresville lots sold in July. August 2017 sales figures increased 77.8% from August 2016 when 9 Mooresville lots sold.

The average sales price decreased 40.2% from $227,818 in July to $136,316 in August. The August 2017 average sales price decreased 42.9% from the August 2016 average sales price which was $238,798.

Average days on the market decreased 30.3% from 208 in July to 145 days on the market in August. The August 2016 average days on the market were 66, a 119.7% increase in market time versus the same time period last year.

Currently there are 246 active Mooresville lots for sale in the MLS, a 5.4% decrease in inventory from August. The average list price is $440,005, up 3.6% from August’s average list price of $424,582. 36 Mooresville lots are currently under contract, a 20% decrease from August. Based on these numbers we have 15.4 months of land inventory, a buyers market on Mooresville lots and acreage.

Stay up to date on the Mooresville real estate market with our free Mooresville real estate market watch: Mooresville Real Estate Market Report


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