We took a look at the latest real estate numbers from the first half of 2018 and compared them to what we saw in 2017. Here’s what we saw.

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Today I want to give you a quick update on the town of Mooresville, located in Iredell County and just north of Charlotte. Here’s what’s been going on.

There were 855 home sales in the first six months of 2018, which is nearly identical to the 859 sales that we saw during the same period in 2017.

Homes in Mooresville are selling in an average of 92 days, which is up from the 89-day average we saw in 2017.

Homes right now are selling for about 98% of their list prices, which is up from a 93% list-to-sale ratio last year.

The average sold home price is just under $416,000 through the first six months of 2018. This is way up from last year’s $374,000 average. It’s up by 11% to be exact.

Resale homes make up about 75% of our sales in Mooresville. That means roughly one out of every four homes sold is new construction.

The luxury market here makes up a bit more of the overall market in Mooresville than in some other areas. Homes sold over $700,000 equals about 10% to 11% of our market. There have been 1,046 homes sold over $700,000 sold there in the last 18 months.

What is drawing people to Mooresville? Mostly low taxes, great schools, and great access to Lake Norman.

If you have any questions for me in the meantime, please feel free to give me a call or send me an email. I look forward to hearing from you soon.