The Mooresville real estate market didn’t fare as well as those of other nearby towns and cities. Total sales fell 42.3 percent, from 26 in July to just 15 in August, 2011. Even compared to last August this number is 31.8 percent in the negative. At least there was no change in the average number of homes sold on a per-month basis from June through August of this year versus this same period 1 year ago.
At least in things went a little better in the pending sales department, as there was a 5.6-percent increase in total pending sales in August versus the previous month. Compared to August of 2010’s total of 22, however, total pending sales were down 13.6 percent. Also, from June through August of this year there were, on average, a total of 21 pending sales in the pipeline, or 5 percent more, versus this same quarter 1 year ago.
There were 173 Mooresville homes for sale in August, or 1.7 percent fewer, compared to the previous month’s total of 173. Compared to 197 homes listed for sale on the Mooresville real estate market last August this is a 13.7-percent increase. The average number of homes on the market from June through August of this year was also down 5.4 percent versus this same quarter in 2010.
Some other Mooresville Real Estate Market Stats:
- Of the 170 homes listed for sale in August 40 were new listings. This represents a 9-percent decrease versus this same month in 2010 but an 11-perent increase versus the 12-month average of 36 new listings per month.
- The average ‘sold’ price of $169,000 was 6.2 percent above last August’s average of $159,000 and 18 percent above the 12-month average of $143,000. The average active price over this same period was $201,000, 4.6 percent above the 12-month average of $192,000.
- The absorption rate based on closed sales was 8.8 percent, while the absorption rate based on pending sales was 11.2 percent.
- The median price was in Mooresville Indiana $148,000.