I always like to keep any eye on Month Supply of inventory to see who is in control of the market; buyers or sellers.  As a reminder a balanced market is 5-7 months of inventory.  Both parties are getting a fair deal. A buyers market is more than 7 months of inventory.  This means there is over supply of homes and prices tends to go down.  Less than 5 months of inventory is a sellers market.  Meaning there isn’t enough supply for the buyer demand and prices tend to goo up.  

Today in Mooresville between $250,000-$500,000 there is 4.6 months of inventory and going down. 

Please contact us for any of your real estate needs. 

-Todd