Pictures will tell a thousand words. The word of the day is “transitional.”
My initial analysis from last week is here. When the final report is released by the Charlottesville Area Association of Realtors later today I will link to it. Update 04-17-2007: Here it is.
Make no mistake, there are an awful lot of buyers out there - they are taking their time, educating themselves and buying smart. Nevertheless, many properties that are well-priced are seeing multiple offers.
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