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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update June 2016

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June 2016 Mooresville Real Estate Market Update

Mooresville Homes
In June 2016 183 homes sold in the Mooresville real estate market, a 15.8% increase from the 158 Mooresville homes sold in May. June 2016 sales figures increased 11.6% from June 2015 when 164 homes sold in the Mooresville area.

The average sales price increased 10.1% from $383,113 in May to $421,836 in June. The June 2016 average sales price increased 8.2% from the June 2015 average sales price which was $389,861.

Average days on the market decreased 9.5% from 74 days in May to 67 days on the market in June. The June 2015 average days on the market were 71, a 5.6% decrease in market time.

Currently there are 964 homes for sale in Mooresville, up 3.7% from June. The average list price is $589,936 down 2.8% from the June average list price of $607,218. 282 Mooresville homes are currently under contract, down 4.4% from June. Based on these numbers, just over 3.4 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 June 2016 27 condos/townhomes sold in the Mooresville real estate market, a 22.7% increase from the 22 Mooresville condos and townhomes sold in May and the highest total Mooresville condos sold in one month according to Carolina MLS stats. June 2016 sales figures increased 68.8% from June 2015 when 16 Mooresville condos sold.

The average sales price increased 5.7% from $174,622 in May to $184,625 in June. The June 2016 average sales price increased 23.1% from the June 2015 average sales price which was $150,034.

Average days on the market decreased 36.7% from 90 days in May to 57 days on the market in June. The June 2015 average days on the market were 58, a 1.7% decrease in market time.

Currently there are 94 condos for sale in Mooresville, a 1.1% decrease from the 95 condos for sale in June. The average list price is $202,448, up 1.5% from June’s average list price of $199,373. 54 Mooresville condos/townhomes are currently under contract, a 6.9% decrease from June. Based on these numbers, just over 3.4 months of inventory, we are currently in a sellers market in the Mooresville area.

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 June 2016 23 lots sold in the Mooresville real estate market, a 77% increase from the 13 Mooresville lots sold in May. June 2016 sales figures increased 77% from June 2015 when 13 Mooresville lots sold.

The average sales price increased 10.2% from $243,288 in May to $268,004 in June. The June 2016 average sales price increased 84.3% from the June 2015 average sales price which was $145,385.

Average days on the market decreased 17.3% from 249 in May to 206 in June 2016. The June 2015 average days on the market were 200, a 3% increase in market time versus the same time period last year.

Currently there are 366 Mooresville lots for sale in the MLS, a4.2% decrease in inventory from June. The average list price is $420,418, up 1.3% from June’s average list price of $415,151. 32 Mooresville lots are currently under contract, an 11.1% decrease from June. Based on these numbers we have almost 16 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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