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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.
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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.
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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.
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The number of Mooresville listings peaked at 183 in April of 2011. Since then, there has been a steady downward trend in the number of homes listed for sale in Mooresville. Most recently, the Mooresville real estate market saw a 1.2-percent decrease in total listings, from 170 in August to 168 in September, 2011. While this is less than half the decrease in listings that the Indianapolis real estate market recorded it is nevertheless a good thing for anyone trying to sell a home, since it represents less competition in a market that already has too many homes. At this point, any reduction in inventory is a good thing for the market. September’s total of 168 listings represents an even greater 11.6-percent decrease in listings versus 1 year ago during this same month. What’s more, there were 11 percent fewer homes on the market per month from July through September of this year relative to this same quarter 1 year ago, or 170 versus 191 respectively.
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There were 173 Mooresville homes for sale in August, or 1.7 percent fewer, compared to the previous month’s total of 173. Compared to 197 homes listed for sale on the Mooresville real estatemarket last August this is a 13.7-percent increase. The average number of homes on the market from June through August of this year was also down 5.4 percent versus this same quarter in 2010.
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Mike Woods
Real Estate Brokerage
Indianapolis, IN
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Shannon Thomas REALTOR® SFR Want to Sell Your Home?
Real Estate Agent
Avon, IN
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