The recent real estate inventory trend in Charlotte NC’s Olde Providence neighborhood is an increasing supply of homes for sale.
The recently slowing pace of neighborhood home sales, coupled with an increase in the amount of available real estate listings has led to a rising real estate inventory.
As of October 2010 there is a 10 month supply of homes for sale in Charlotte NC’s Olde Providence neighborhood – well above balanced real estate market conditions.
As a guideline:
Less than 6 month supply: favors Sellers
6 month supply: Balanced
More than 6 month supply: favors Buyers
After peaking in the springtime, the Olde Providence real estate inventory decreased in the summer months and has recently started rising again into the Fall of 2010.
The homes for sale in Charlotte NC’s Olde Providence neighborhood are priced from just under $200k to the low $300’s.
For the latest neighborhood market update including activity by price range, visit: Olde Providence Neighborhood in Charlotte NC – Real Estate Market October 2010
For the recent home sales report, visit: Olde Providence Neighborhood in Charlotte NC – Recent Home Sales Activity October 2010
To view available homes in nearby Charlotte NC neighborhoods:
OR to enter your own home search criteria, 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 and features tree lined streets, mature landscaping and a variety of home styles from ranch to 2 story and tri-level homes.
Copyright©2010 by Diane McDermott, All Rights Reserved, “Olde Providence Neighborhood in Charlotte NC – Real Estate Inventory Trend October 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