Mooresville Real Estate Market Update July 2019

Share the joy
  • 1
  • 1
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares

Mooresville Real Estate Market Stats for July 2019

Mooresville Homes

In July 2019 180 homes sold in the Mooresville real estate market, an 8.2% decrease from the 196 Mooresville homes sold in June 2019. July 2019 sales figures decreased 3.7% from July 2018 when 187 homes sold in the Mooresville real estate market.

The average sales price decreased by 1.8% from $411,906 in June to $404,360 in July 2019. The July 2019 average sales price decreased .3% from the July 2018 average sales price which was $405,553.

Average days on the market increased by 1.6% from 61 days in June to 62 days on the market in July 2019. The July 2018 average days on the market were 56, a 10.7% increase in market time from the same period last year.

Currently, there are 554 active homes for sale in Mooresville, down 2.1% from July. The average list price of active homes is $627,084 down 1.4% from the July average list price of $635,907. There are 326 Mooresville homes currently under contract, down 4.7% from July. Based on these numbers, just over 3 months of inventory, we are currently in a seller’s market in the Mooresville housing market.

It is still 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 2019 18 condos/townhomes sold in the Mooresville real estate market, an 12.5% increase from the 16 Mooresville condos and townhomes sold in June 2019. July 2019 sales figures decreased 21.7% from July 2018 when 23 Mooresville condos sold.

The average sales price increased by 14% from $210,790 in June to $240,215 in July 2019. The July 2019 average sales price decreased 1.8% from the July 2018 average sales price which was $244,613.

Average days on the market increased by 1.8% from 55 days in June to 56 days on the market in July 2019. The July 2018 average days on the market were 15, a 273% increase in market time from one year ago.

Currently, there are 33 active condos for sale in Mooresville, a 3.1% increase from the 32 active Mooresville condos for sale in July. The average list price of active listings is $257,812, down 3.9% from July’s average list price of $268,204. There are 27 Mooresville condos/townhomes currently under contract, an 18.2% decrease from July. Based on these numbers, 1.8 months of inventory, we are currently in a seller’s 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 July 2019 8 lots sold in the Mooresville real estate market, an 46.7% decrease from the 15 Mooresville lots sold in June 2019. July 2019 sales figures decreased 38.5% from July 2018 when 13 Mooresville lots sold.

The average sales price decreased by 12.4% from $136,596 in June 2018 to $119,625 in July 2019. The July 2019 average sales price decreased 27.3% from the July 2018 average sales price which was $164,533.

Average days on the market increased by 3.2% from 126 in June 2019 to 130 days on the market in July 2019. The July 2018 average days on the market were 104, a 25% increase in market time versus the same time period last year.

Currently, there are 269 active Mooresville lots for sale in the MLS, a 3.9% decrease in inventory from July. The average list price of active listings is $440,027, up 3% from July’s average list price of $427,336. 48 Mooresville lots are currently under contract, a 33% increase from July. Based on these numbers we have 33.6 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


Share the joy
  • 1
  • 1
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares

Leave a Reply