Real estate inventory in Charlotte NC's Beverly Woods neighborhood has remained ABOVE balanced real estate market conditions consistently since the fall of last year.
Into the spring and early summer of 2010, Beverly Woods neighborhood real estate inventory levels did start to decrease but available Beverly Woods homes for sale still exceeded the pace of sold real estate activity.
As a guideline:
Less than 6 month supply: favors Sellers
6 month supply: Balanced
More than 6 month supply: favors Buyers
Even though Beverly Woods neighborhood real estate inventory levels declined a bit, they never reached balanced levels and as of August 2010 the neighborhood real estate supply has INCREASED again over an 11 month supply of Beverly Woods homes for sale.
Given the lack of any under contract activity right now (see Beverly Woods Neighborhood Real Estate Market in Charlotte NC August 2010), I'd expect to see the neighborhood real estate inventory climb even higher in the near future .
Right now, real estate market conditions in Charlotte NC's Beverly Woods neighborhood favor ready, willing and qualified home Buyers and offer a lot of options for those home buyers to consider.
That also means competition is quite high for home Sellers right now.
Beverly Woods neighborhood homes for sale are priced from the low $200's through the low $400's right now. To view the neighborhood real estate listings visit: Beverly Woods Neighborhood Homes for Sale in Charlotte NC
To view available homes for sale in neighborhoods near Beverly Woods:
Beverly Woods East Neighborhood Homes for Sale in Charlotte NC (located across Sharon Rd from Beverly Woods)
Or to enter your own home search criteria: Search Charlotte NC Area Homes for Sale
Beverly Woods is an established Charlotte NC neighborhood of single family homes in the heart of South Charlotte, minutes from South Park and convenient to Ballantyne, the South Blvd light rail line and Uptown Charlotte NC.
Originally posted at: Local Information for Home Buyers and Sellers in Charlotte NC's Real Estate Market
Copyright©2010 by Diane McDermott, All Rights Reserved, "Beverly Woods Neighborhood in Charlotte NC - Real Estate Inventory Trends August 2010"
*Data based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.