Pinehurst NC Real Estate - Market Update

The inventory of single family homes for sale in the MLS for the Pinehurst - Southern Pines area has risen to about 1,100 from the 2009 year end level of under 1,000.  In a normal year, our inventory would be in the 900's.  It is prime "selling season" in the local market, so hopefully some of the inventory will begin to move.  The oversupply consists of higher priced homes and homes that are in need of a lot of updating.  There is also a huge oversupply of horse farms for sale in the Southern Pines area.  Supply of updated single family homes may actually be a little short - and consequently, home prices in that category have not suffered as much as prices in categories with higher than normal inventories. For more info about Pinehurst Real Estate and informaion about the area, visit us at http://www.mcdevitttownandcountry.com