Our market is holding steady!

Number of Homes Sold from November 16th to December 31 , 2008 in Mooresville:

81Properties

Average Sale Price: 310,083

Average Days on Market : 131

Current Number of Mooresville Homes For Sale:

929

Mooresville NC Real Estate

There was a total of 81 closed sales in Mooresville from November 16th  to December 31, 2008 compared to 95 properties for the same time period in 2007.  The average sales price for November 16th thru December 31st 2008 was $310,083 as compared to an average selling price of $333,800 for the same time period in 2007. The average number of days a house was on the market in November & December of 2008 was 131 as compared to the same period in 2007 when the average number of days on market was 111 .There are currently 929 homes for sale in Mooresville. Considering both the large inventory of homes & the length of days on market increasing buyers have the ability to get a great deal on a new home. Prices have decreased only  slightly while the rest of the national market  is experiencing a more dramatic decline in home prices. This supports our belief that the local real estate market here in the Lake Norman area has had a solid appreciation  over the years and was not a part of the "BUBBLE" that caused most real estate markets to "tank".  Combine solid proeprty value  with low interest rates and it's easy to see why smart buyers are taking advantage of the perks this market has to offer to those in a position to buy! This is a great time to buy a new home!