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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update July 2016

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July 2016 Mooresville Real Estate Market Update

Mooresville Homes
In July 2016 135 homes sold in the Mooresville real estate market, a 26.6% decrease from the 184 Mooresville homes sold in June. July 2016 sales figures decreased 20.6% from July 2015 when 170 homes sold in the Mooresville area.

The average sales price decreased 6.9% from $421,024 in June to $392,129 in July. The July 2016 average sales price increased 4.5% from the July 2015 average sales price which was $375,348.

Average days on the market decreased 3% from 67 days in June to 65 days on the market in July. The July 2015 average days on the market were 69, a 5.8% decrease in market time.

Currently there are 945 homes for sale in Mooresville, down 2% from July. The average list price is $582,144 down 1.3% from the July average list price of $589,936. 299 Mooresville homes are currently under contract, up 6% from July. Based on these numbers, just over 3.2 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 July 2016 18 condos/townhomes sold in the Mooresville real estate market, a 33% decrease from the 27 Mooresville condos and townhomes sold in June. July 2016 sales figures increased 12.5% from July 2015 when 16 Mooresville condos sold.

The average sales price decreased 9.7% from $184,625 in June to $168,277 in July. The July 2016 average sales price decreased 3.5% from the July 2015 average sales price which was $174,341.

Average days on the market decreased 28.1% from 57 days in June to 41 days on the market in July. The July 2015 average days on the market were 78, a 47.4% decrease in market time.

Currently there are 79 condos for sale in Mooresville, a 16% decrease from the 94 condos for sale in July. The average list price is $202,419, down .01% from July’s average list price of $202,448. 50 Mooresville condos/townhomes are currently under contract, a 7.4% decrease from July. Based on these numbers, just under 1.6 months of inventory, we are currently in a sellers market in the Mooresville condo 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 July 2016 16 lots sold in the Mooresville real estate market, a 30.4% decrease from the 23 Mooresville lots sold in June. July 2016 sales figures increased 14.3% from July 2015 when 14 Mooresville lots sold.

The average sales price decreased 24.6% from $268,004 in June to $202,134 in July. The July 2016 average sales price increased 38.2% from the July 2015 average sales price which was $146,214.

Average days on the market decreased 34% from 206 in June to 136 in July 2016. The July 2015 average days on the market were 187, a 27.3% decrease in market time versus the same time period last year.

Currently there are 364 Mooresville lots for sale in the MLS, a .5% decrease in inventory from July. The average list price is $399,567, down 5% from July’s average list price of $420,418. 54 Mooresville lots are currently under contract, an 68.8% increase from July. Based on these numbers we have almost 6.8 months of land inventory, a balanced 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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