-
Mooresville Home Sales Up 20 Percent in 2012
Posted Under: Market Conditions in Mooresville | March 6, 2013 7:24 AM | 35 views | No comments
2012 was a good year for the Central Indiana real estate market, as towns and cities everywhere saw significant improvements in several key stats, particularly closed sales, pending sales and listings. As concerned Mooresville, there was a lot to like. For starters, the Mooresville market enjoyed a 20-percent increase in total sales as a total of 282 closings took place in 2012 compared to just 234 in 2011. Monthly, 24 closings took place on average in 2012 compared to 20 per month on average in 2011. From October through December of 2012, an average of 25 closings took place each month compared to just 16 per month during the final quarter of 2011. This equates to a huge, 56.3-percent increase. In all, there were 48 more homes sold in 2012 versus 2011.
Total pending sales were also up, as a total of 281 transactions were reported by year’s end in 2012 compared to just 237 at year’s end, 2011. This translates to an average of 23 pending sales each month, or 15 percent more, compared to this same quarter in 2011. Perhaps most striking was a 35.7-percent increase in the average number of pending sales reported during the last quarter of 2012 compared to this same quarter in 2011, or 19 versus 14 respectively.
As you are not doubt well aware, the market has suffered from an excess of inventory ever since the 2008 crash. Fortunately, the Mooresville real estate market saw a 7.6-percent decrease in the total number of homes listed for sale, as there were 1,878 homes on the market in in 2012 compared to 2,038 homes for sale in 2011. On average, there were 170 homes for sale per month for all of 2012, or 7.6 percent fewer, compared to 157 per month for all of 2011. In sum, there were 160 fewer listings in 2012 compared to 2011. And, from October through December of 2012 there were nearly 18 percent fewer homes on the market compared to the final quarter of 2011.
This report provided courtesy of msWoods.
Other Mooresville Real Estate Resources Online:
View the complete, original report here.
-
Mooresville Real Estate Market Fails to Improve in June, 2012
Posted Under: Market Conditions in Mooresville | July 31, 2012 1:54 PM | 45 views | No comments
The Mooresville real estate market left a lot to be desired in June, 2012—at least if you were trying to sell a home! The stats did not favor sellers to be sure. Starting with total sales, there were 8 fewer closings in June, 25 percent fewer, compared to the previous month’s total of 32. But even compared to a year ago this is a 4-percent decrease. The only positive to come out of our latest data-crunching is the fact that an average of 30 closings took place each month, or 30.4 percent more, from April through June of this year relative to this same quarter 12 months ago.
And things didn’t look any rosier when it came to pending sales. June’s total of 23 represents a 28.1-percent decrease relative to the previous month’s total of 32, and an 11.5-percent decrease relative to last June’s total of 26. In fact, total pending sales has pretty much been on a downward trajectory ever since March of this year. But, like our previous stat, there was at least one positive to come out of it: Namely, there were on average 30 pending sales from April through June of this year, or 15.4 percent more, relative to this same 3-month period last year.
Total listings were another area of concern as an additional 2 homes made their way on to the market in June. At least when compared to last June’s total of 179 listings this is a2.8-percent decrease. Another positive: The average number of homes listed for sale from April through June of this year was down 2.8 percent relative to this same quarter 12 months ago.
View the complete, original article here.
Other Mooresville Real Estate Resources Online:
-
3.4 Percent Fewer Homes on Mooresville Real Estate Market in May, 2012
Posted Under: Market Conditions in Mooresville | June 27, 2012 9:25 AM | 54 views | No comments
A quick glance at the latest figures for the Mooresville real estate market and it would be easy to characterize May of 2012 as a bad month. But a closer look shows this is not necessarily the case, at least not with respect to 3 key indicators. Yes, it is true that total sales fell by 3 percent relative to the previous month. But the 32 closings that took place in May represents a significant 33.3-percent increase when compared to last May’s total of just 24 closings. Also, from March through May of this year there were, on average, 26 closings per month, or 23.8 percent more, compared to this same period 1 year ago.
There was a similar, albeit far less pronounced theme insofar as concerns pending sales. May’s total of 30, while 9.1 percent below that of the previous month, nevertheless, represents a 7.1-percent versus 12 months ago. Also, the monthly average of 32 pending sales logged each month, from March through May of this year, represents a 23.1-percent increase in pending sales compared to this same quarter in 2011, when the per-month average was just 26.
The Mooresville market saw a 3.4-percent decrease in the number of homes for sale, from 178 in April to 172 in May. Compared to last May this is a 3.9-percent decrease in total listings. The average number of homes listed for sale each month from March through May of this year was unchanged from this same period 1 year ago. Of the 172 homes on the Mooresville market, 37 came in the form of new listings. This is up 19.4 percent versus last May’s total of 31. It is also up just a bit versus the 12-month average of 35.
View the complete, original article here.
Other Mooresville Real Estate Resources Online:
-
Mooresville Pending Sales Rise 7.1 Percent in January, 2012
Posted Under: Market Conditions in Mooresville | March 1, 2012 12:16 PM | 152 views | No comments
There were 2.6 percent more homes for sale in Mooresville
in January compared to the previous month. But January’s total of 157
listings is down 7.1 percent compared to this same month 1 year ago.
Plus, the average number of homes listed for sale per month in Mooresville Indiana fell 4.8 percent relative to this same quarter last year. As a basis of comparison, there were 2.4 percent fewer homes for sale in Indianapolisversus the previous month, and 17 percent fewer versus January of 2011.
View the complete, original article here.
-
Mooresville Time on Market Improves in December, 2011
Posted Under: Market Conditions in Mooresville | January 19, 2012 7:11 AM | 176 views | No comments
In a market that doesn’t exactly suffer from a shortage of real estate it’s a good thing that the total number of Mooresville homes for sale fell 5 percent versus the previous month. Compared to last December’s total of 159 total listings were down 3.8 percent in Mooresville Indiana. In way of comparison, there were 8.4 percent fewer homes for sale in Indianapolis.
View the complete, original article here.
-
6.4 Percent Fewer Mooresville Homes for Sale in November, 2011
Posted Under: Market Conditions in Mooresville | January 6, 2012 10:35 AM | 179 views | No comments
While there were 4.1 percent fewer homes for sale in Indianapolis Indiana in November compared to the previous month there was a 6.4-percent drop in Mooresville Indiana during this same time. Moreover, Mooresville’s total of 161 listings in November represents a 3.6-percent decrease versus this same time 12 months ago. There were also 6.7 percent fewer homes for sale on the Mooresville real estate market from September through November of this year compared to this same period 1 year ago, when the per-month average was 179.
View the complete, original article here.
-
Mooresville Home Sales Fall 12 Percent in October, 2011
Posted Under: Market Conditions in Mooresville | November 21, 2011 8:37 AM | 212 views | No comments
While there were 4.9 percent fewer Indianapolis homes for sale in October versus the previous month, the Mooresville real estate market went the exact opposite direction, as total listings increased 2.4 percent, from 168 in September to 172 in October. But wait: Compared to last October, when there were 181 Mooresville homes for sale, this is a 5-percent decrease.
View the complete, original article here.