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Mooresville Indiana Real Estate Report

The number of Mooresville homes for sale went virtually unchanged at 144 in January of 2010 compared to last month’s total of 143. Fortunately, the number of homes sold took a nice little jump from last month total of 11 to reach 16 in January.

Unfortunately, the average time needed to sell a home in the Mooresville real estate market rose dramatically,   easily pole vaulting December’s total of 59 days to a whopping 138 days in January. Pending sales figures weren’t much better with just 7 pending transactions on the slate.

Some other relevant statistics:

  • On average, homes went for 95-percent of list price or a 2-percent decrease from last month.
  • The average cost-per-square-foot $69.
  • The average sold price was $151,000.
  • The average active price was $190,000.
  • The absorption rate based on pending sales was 4.9-percent.
  • The absorption rate based on closed sales was 11.1-percent.
  • The months of inventory based on pending sales was 20.6
  • The months of inventory based on closed sales was 9-percent.

In the end, I think that most people trying to sell a home in Mooresville, Indiana will probably look back to January of 2010 as anything but a ‘Happy New Year’.  At least they don’t have John Dillinger to worry about anymore.