Real estate inventory levels in Charlotte NC’s Olde Providence neighborhood have been trending downward since a springtime peak of nearly 13 months worth of homes for sale.
As of August 2010 the neighborhood real estate inventory is at a 7.8 month supply of homes for sale – just above balanced real estate market conditions.
As a guideline:
More than a 6 month supply: favors Buyers
6 month supply: Balanced
Less than a 6 month supply: favors Sellers
For all of 2010 (so far) the Olde Providence neighborhood real estate inventory has been above balanced real estate market conditions, favoring home Buyers with the amount of available options.
Although the neighborhood real estate supply has been decreasing in recent months, the current under contract activity is slow right now (only 1 under contract listing). View the latest neighborhood real estate report at: Olde Providence Neighborhood in Charlotte NC – Real Estate Market August 2010
That indicates a slowing pace of successfully SOLD neighborhood homes coming in the near future and is an additional factor favoring qualified home buyers considering Homes for Sale in the Olde Providence Neighborhood in Charlotte NC.
The Olde Providence neighborhood real estate inventory trends since late fall of last year have followed a seasonal pattern - highest supply during the springtime.
As for whether that trend will continue, we’ll just have to see but for now there are a number of available homes for sale in Charlotte NC’s Olde Providence neighborhood for buyers considering making this south Charlotte neighborhood home.
To view available homes in nearby Charlotte NC neighborhoods:
OR for a more general local home search, visit Search Charlotte NC Area Homes for Sale
Olde Providence is a Charlotte NC neighborhood of single family homes built primarily in the 1960′s and 1970′s in the heart of South Charlotte between Rea Rd and Colony Rd. The Olde Providence neighborhood is conveniently located between South Park and Ballantyne in South Charlotte NC.
Copyright©2010 by Diane McDermott, All Rights Reserved, “Olde Providence Neighborhood in Charlotte NC – Real Estate Inventory Trends August 2010″
*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.
The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in south Charlotte NC