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
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.