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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update February 2017

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Mooresville Real Estate Market Stats for February 2017

Mooresville Homes
In February 2017 80 homes sold in the Mooresville real estate market, a 8.8% decrease from the 87 Mooresville homes sold in January 2017. February 2017 sales figures decreased 20% from February 2016 when 100 homes sold in the Mooresville real estate market.

The average sales price decreased 17.5% from $414,955 in January to $342,401 in February. The February 2017 average sales price decreased 5.2% from the February 2016 average sales price which was $361,288.

Average days on the market increased 28.8% from 66 days in January to 85 days on the market in February. The February 2016 average days on the market were 94, a 9.6% decrease in market time from the same period last year.

Currently there are 600 active homes for sale in Mooresville, up 15.6% from February. The average list price is $633,803 up 6.6% from the February average list price of $594,502. 303 Mooresville homes are currently under contract, up 16.1% from February. Based on these numbers, just over 4.6 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 February 2017 9 condos/townhomes sold in the Mooresville real estate market, a 10% decrease from the 10 Mooresville condos and townhomes sold in January. February 2017 sales figuresdecreased 57.1% from February 2016 when 21 Mooresville condos sold.

The average sales price increased 26.4% from $169,678 in January to $214,553 in February. The February 2017 average sales price increased 7.9% from the February 2016 average sales price which was $198,775.

Average days on the market increased 36.7% from 60 days in January to 82 days on the market in February. The February 2016 average days on the market were 78, a 5.1% increase in market time.

Currently there are 39 condos for sale in Mooresville, a 2.6% decrease from the 40 condos for sale in February. The average list price is $191,008, down 8.9% from February’s average list price of $209,689. 20 Mooresville condos/townhomes are currently under contract, a 13% decrease from February. Based on these numbers, just over 2 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 February 2017 17 lots sold in the Mooresville real estate market, a 143% increase from the 7 Mooresville lots sold in January. February 2017 sales figures decreased 5.6% from February 2016 when 18 Mooresville lots sold.

The average sales price increased 26.9% from $147,583 in January to $187,347 in February. The February 2017 average sales price increased 5.9% from the February 2016 average sales price which was $176,867.

Average days on the market decreased 16.7% from 192 in January to 160 days on the market in February. The February 2016 average days on the market were 157, a 1.9% decrease in market time versus the same time period last year.

Currently there are 290 Mooresville lots for sale in the MLS, a .3% decrease in inventory from February. The average list price is $418,480, down .05% from February’s average list price of $418,704. 41 Mooresville lots are currently under contract, a 5.1% increase from February. Based on these numbers we have 19 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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