Inventory of Single Family Homes in Moore County Dropping

For Pinehurst real estate and Southern Pines NC real estate, it's been an interesting year.  The inventory of single family homes in Moore County NC topped the 1,000 mark in January 2009 and the number continued to rise throughout the Spring and early Summer, reaching a peak of about 1,170 in mid-June.  Since then, the inventory of homes for sale in the county has declined slowly but steadily.  As of September 9, 2009, there are 1,098 single family homes for sale in Moore County.  This includes ONLY single family homes, not condos, farms and land.  Our normal average number is around 900; and for this time of year (end of Summer), we usually have about 800 homes on the market.  The number of sales tapers off in the Fall and inventory usually rises slightly.  It will be interesting to see what happens this Fall.  The recession has made it very hard to make accurate predictions, but check back here for updates, or visit us on the web at http://www.mcdevitttownandcountry.com