Mooresville North Carolina Real Estate Report From Denyse Naylor Mooresville NC Realtor - October 2009
Take a look at these numbers...things may be looking up for the Mooresville NC real estate market 
Number of Homes Sold from October 1, 2009 to October 31, 2009 in Mooresville:
86 Properties
Average Sale Price: $349,309
Average Days on Market : 163
Current Number of Mooresville Homes For Sale:
931
Mooresville NC Real Estate
There was a total of 86 closed sales in Mooresville from October 1 thru October 31, 2009 compared to 51 properties for the same time period in 2008. The average sales price for October 1 thru October 31, 2009 was $349,309 as compared to an average selling price of $294,015 for the same time period in 2008. The average number of days a house was on the market in Ocotber of 2009 was 163 as compared to the same period in 2008 when the average number of days on market was 117. Homes sold in Mooresville in October of this year ranged in price from $21, 000 to over 2 million dollars while last year's highest priced home sold in October was $786,000. In September of '09 we had a 17 month supply of homes in Mooresville but the increase in sales bundled with the number of homes that are sale pending (66) plus the inventory of active homes not increasing has shrunk the absoprtion rate to 11%. Things may be looking up for the Mooresville NC real estate market!
There are currently 931 homes for sale in Mooresville and home prices have increased when compared year to year ! But one can clearly see that buyers are getting great deals on larger homes with more amenities at great prices! There are still a large number of short sales and preforeclosure sales in the comps that would skew all of the numbers somewhat but the market snapshot is accurate in sales & prices. Looking for a great deal on a Mooresville Home? Call us today or visit the Mooresville NC Real Estate information center.
Time is running out for the first time buyer tax credit. There has never had a better opportunity than ever to own a home: large inventory, low interest PLUS the $8000 tax credit for first time buyers make a winning combination for qualified buyers! This is a great time to buy a new home! Call us for more info:
704-363-6946