Mooresville, NC Real Estate Market Report – December 2023

Chart of Mooresville NC Real Estate Market Trends December 2023

Mooresville, NC Real Estate Trends For December 2023

In the Mooresville, NC real estate market, there are several important metrics that both buyers and sellers should be aware of. These metrics can provide valuable insights into the current state of the market and can help guide decision-making. Let’s dive into the correlation between some key real estate metrics and what they mean for buyers and sellers.

Months Supply

One important metric is the Months Supply of Inventory, which currently stands at 2.68. This metric represents the number of months it would take to sell all the homes currently on the market, assuming no new listings are added. A lower number indicates a seller’s market, where demand is high and supply is low. In this case, with a 2.68-month supply, it suggests that the market is leaning towards being more favorable for sellers.

Chart of Mooresville NC Real Estate Months Supply December 2023

Another metric to consider is the 12-Month Change in Months of Inventory, which shows a positive change of 26.42%. This indicates an increase in the number of months it would take to sell all the homes on the market compared to the previous year. A positive change may suggest a shift towards a buyer’s market, as supply is increasing relative to demand. However, it’s important to note that this change is relative to the previous year, and the current number of months supply (2.68) still suggests a seller’s market overall.

Days On Market

The Median Days Homes are On the Market is another crucial metric, which currently stands at 36 days. This represents the average number of days it takes for a home to be sold after being listed. A lower number suggests a faster-paced market with high demand and limited inventory. In this case, with homes being sold within 36 days on average, it indicates a relatively fast-moving market.

Chart of Mooresville NC Real Estate Days on Market December 2023


Sale Price Versus List Price

The List to Sold Price Percentage is an essential metric for sellers, as it reflects the percentage of the original list price that a home actually sells for. With a percentage of 97.3%, it suggests that homes are typically selling very close to their original list price. This indicates that sellers are generally obtaining a high percentage of their asking price, which could be encouraging for anyone looking to sell their property.

Chart of Mooresville NC Real Estate Percentage of List Price December 2023

Median Sold Price

Lastly, the Median Sold Price is $599,900. This represents the midpoint of all the sold prices in the market. It’s important to note that the median sold price can be influenced by a variety of factors, including the types of properties sold and the location. However, with a median sold price of $599,900, it suggests that homes in this market tend to fall in the mid-range price category.

What The Numbers Mean

Overall, these metrics provide valuable information for both buyers and sellers in the real estate market. Buyers can use these metrics to assess market conditions and understand if they are entering a seller’s or buyer’s market. Sellers, on the other hand, can use these metrics to gauge demand, set appropriate listing prices, and understand the average time it takes to sell a home. It’s essential for both parties to keep an eye on these metrics as they navigate the real estate market.


This data suggests that while sellers are currently enjoying favorable conditions, buyers may find more opportunities in the near future due to the increasing inventory. However, it’s important to consider that real estate markets can vary greatly depending on location, so it’s always beneficial to consult with a local real estate professional for a more accurate understanding of your specific market.


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About the Author

Owner/Broker of Allen Adams Realty

Bill Adams, a North Carolina native, is founder and Owner/Broker of Allen Adams Realty, a boutique agency focused on personalized real estate services. The name “Allen Adams Realty” is derived from Bill’s full given name which is William Allen Adams.

Bill, after obtaining both a real estate sales license and an appraisal license, began his real estate career in 1998 after successful careers in the racing and automotive industries. First, a concentration on real estate appraisal services allowed Bill to gain detailed knowledge and insights into the many different facets of the greater Lake Norman and Charlotte metro real estate markets. This allowed Bill to truly understand real estate values and local markets and expand into doing both appraisal and real estate sales. Then in 2004, armed with his experience, knowledge, and expertise, Bill started his own firm and called it Allen Adams Realty. In the early years of his new firm Bill continued to do both real estate appraisal and sales and then after the downturn of the market in the late 2000’s Bill has focused solely on real estate sales.

Bill strives for excellence in all aspects of his relationship with each and every client and prides himself on providing premier dedicated and personal professional service. Bill has successfully represented a wide range of clientele from international high-end luxury buyers to young families buying their first home. Through his wide reaching marketing he has also developed a large part of his business helping those buying second homes on Lake Norman or relocating to the area. Bill’s varied background and seasoned experience has made him a trusted and highly rated expert, which has been validated by being awarded multiple Five Star Professional Award for Real Estate awards. An award given to only the top 7% of real estate agents in the entire Charlotte market area.

On a personal note, Bill has lived most of his life in North Carolina and has lived in the Lake Norman area since 1997. He currently lives in the wonderful small college town of Davidson with his lovely wife Lindsey, beautiful daughter, and beloved dog. Beyond real estate, he enjoys boating on the lake, spending time with friends and family, most all things motorsports, cars, motorcycles, Panthers football, being active, hiking and exploring in the nearby mountains, vacations to the beach, traveling, as well as many other things.