Mooresville, NC Real Estate Market Trends – November 2023

Mooresville NC Real Estate Market Trends November 2023

To understand the Mooresville, NC real estate market, there are several important metrics that can provide valuable insights for both buyers and sellers. Let’s take a closer look at the correlation between these metrics to help you make informed decisions.

Months Supply

First off, let’s consider the Months Supply of Inventory, which currently stands at 2.76. This metric represents the number of months it would take to sell all the available homes on the market if no new properties were added. A lower number indicates a seller’s market, where demand outweighs supply, potentially leading to higher prices.

Mooresville NC Real Estate Months Supply November 2023

Now, let’s examine the 12-Month Change in Months of Inventory, which shows a positive increase of 23.21%. This means that there has been a significant rise in the number of months it would take to sell all the available inventory compared to the same time last year. This increase suggests a potential shift towards a buyer’s market, where there is more supply than demand.

Days On Market

Moving on to the Median Days Homes are On the Market, we see that it is currently 32 days. This metric indicates the average time it takes for a home to sell once it is listed. A lower number here suggests a faster-paced market, where properties are being snatched up quickly, potentially indicating high demand and competition.

Mooresville NC Real Estate Days on Market November 2023


Sale Price Versus List Price

Next, let’s consider the List to Sold Price Percentage, which stands at 98.5%. This metric reveals the percentage at which homes are selling compared to their initial listing price. A higher percentage indicates that homes are typically selling close to or at their asking price. This figure demonstrates that sellers are achieving a high level of success in securing favorable offers.

Mooresville NC Real Estate Percetage of List Price November 2023

Median Sold Price

Lastly, we have the Median Sold Price, which currently sits at $469,580. This metric represents the midpoint of all the sold prices in a given area. It gives us an idea of the general price range of homes being sold. The higher the median sold price, the more expensive the homes in that market tend to be.

Mooresville NC Real Estate Median Sold Price November 2023

What The Numbers Mean

When we examine the correlation between these real estate metrics, we can see some interesting patterns. The low Months Supply of Inventory and high List to Sold Price Percentage suggest a market with strong demand and limited supply, favoring sellers. However, the increased 12-Month Change in Months of Inventory indicates a potential shift towards a more balanced market, giving buyers more options and potentially leading to more negotiation power.

The Median Days Homes are On the Market figure of 32 days suggests a fast-paced market, where properties are selling quickly. Additionally, the higher Median Sold Price of $469,580 indicates that homes in this market tend to be on the pricier side.


Overall, 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.