Mooresville, NC Real Estate Market Trends – September 2023

Mooresville, NC Market Trends September 2023

The real estate market is constantly evolving, and as buyers and sellers, it’s important to understand the various metrics that can help us gauge the health of the market. Today, we will explore the correlation between several key real estate metrics to give you a better understanding of the current Mooresville, NC real estate market conditions.

Months Supply

First, let’s talk about the “Months Supply of Inventory.” This metric measures the number of months it would take to sell all the available homes on the market if no new listings were added. In our case, the months supply of inventory stands at 3.6 months. This suggests that, based on the current pace of sales, it would take approximately 3.6 months to sell all the homes available for sale.

Now, let’s look at the “12-Month Change in Months of Inventory,” which shows how the months supply of inventory has changed compared to the previous year. In this case, we have seen a significant increase of +47.54% in the months of inventory over the past year. This indicates that inventory levels have risen, potentially giving buyers more options to choose from.

Days On Market

Moving on, the “Median Days Homes are On the Market” measures the average number of days it takes for a home to sell. Currently, homes are spending approximately 41 days on the market. This suggests that properties are selling relatively quickly, which can be a positive sign for sellers.

Mooresville, NC Days on Market September 2023

Sale Price Versus List Price

Next, let’s discuss the “List to Sold Price Percentage.” This metric reveals the percentage of the listing price that sellers are able to achieve when selling their homes. In our market, the list to sold price percentage is 98.8%. This indicates that, on average, sellers are able to sell their homes for 98.8% of their initial listing price. This is a positive indicator for sellers, as it shows that they are able to secure a high percentage of their asking price.

Mooresville, NC Percentage of List Price September 2023

Median Sold Price

Lastly, we have the “Median Sold Price,” which represents the middle point of all the sold prices in a given time period. In our market, the median sold price is $465,000. This means that half of the sold properties were sold for less than $465,000, while the other half sold for more. It’s important to note that this is an overall median and individual neighborhoods or property types may have different median prices.

Mooresville, NC Median Sold Price September 2023

What The Numbers Mean

When we look at these metrics together, we can draw a few conclusions. The increase in the months supply of inventory suggests that there is a greater availability of homes on the market, potentially giving buyers more options to choose from. However, the relatively low median days on the market and high list to sold price percentage indicate that homes are still selling quickly and sellers are achieving a high percentage of their asking prices.

For buyers, this information suggests that there may be more inventory to choose from, which could potentially provide more negotiating power. For sellers, it’s important to be mindful of the increasing inventory levels and price competitively to attract buyers.


Overall, these metrics provide valuable insights into the current Mooresville real estate market. It’s important for both buyers and sellers to understand these correlations to make informed decisions. Whether you’re looking to buy or sell, keeping an eye on these metrics can help you navigate the market and achieve your real estate goals.


If you would like to see Mooresville listings of homes for sale or learn more about the area click here.


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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.