We are starting 2017 off strong, the two graphs below show the market activity for both Waterfront and Non Waterfront homes in Mooresville. The inventory is down from last year.
Non Waterfront property in January 2016 had a 3.1 month supply, and is down to 2.7 month supply in January of 2017. Waterfront is down as well, in January of 2016 we were showing an 8.7 Month supply and in January 2017 we are at 6.7 months supply.
With the inventory low we can expect prices to go up as well. See Graph #2 Reflecting the list to close price ratio/percentages. As expected the pricing for both Waterfront and Non Waterfront properties are climbing, with list pricing being more inline with the actual value buyers are seeing and willing to pay for the properties.
These stats are important to both buyers and sellers, Buyers can see that the sales pricing in the Mooresville Market area is fairly accurate reflection of what most of homes are selling for, or within 5% of the list price.
Sellers need to consider what homes have sold for and price their home correctly the first time. Low inventory creates demand, but buyers looking for homes will not be willing to get off the fence if the home is not priced correctly.
Call me for a free market analysis of your home, knowledge is always a good thing !
Author:Monica Besecker® Phone: 704-727-8305 Dated: February 3rd 2017 Views: 210 About Monica: ...
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