Charlotte NC Real Estate Market Update | PROVIDENCE SPRINGS | MARCH 2013

New Listings in Providence Springs

The Providence Springs real estate market is faring well in this ever-changing market! However, with new listings in the community down during the past year, buyers are finding that if they want to purchase in this popular Charlotte community, they need to react quickly. New listings are down nearly 27% year-over-year.

Pending Sales in Providence Springs

Even though new listings are down, more of the homes that are listed are going under Contract! Great news for Providence Springs home sellers – price it right and it WILL sell!

List to Close in Providence Springs

Days on the market are down significantly year-over-year to the tune of just over 18%. Again, a sigh of relief for Providence Springs home sellers who watched some of their neighbors struggle with longevity on the market during 2008 – 2012.

Months Supply of homes in Providence Springs

With the supply of homes for sale in Providence Springs down 28%, the market absorption has turned in the favor of home sellers. Anything less than a 6-month supply is a seller’s market and we’re certainly experiencing one in Providence Springs.

***Data above provided by CMLS; deemed reliable but, not guaranteed.

If you’re thinking of selling your Providence Springs home, contact your Providence Springs real estate agent at (704) 491-3310 or SavvyBroker@me.com.