Quick Market Update from the May 2015 Note

A quick snip from this month's note: The Market - Balanced? Overheated? - It depends on your market segment A friend from another market texted me the other day: How do you feel about the future housing market?  Does it look good or up in the air?  Just a short quick thought would be great. My response to him - Our market is mostly trending up. Certain segments are balanced while others, primarily the urban properties, are skyrocketing. Crazy low interest rates remain a positive for sellers, but create some inherent risk for Read More

1st Quarter 2015 Nest Report

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  Nest’s 1st Quarter Market Report is out; download it here. A few highlights -

  • Total sales in the MSA are down just a bit. I suspect due to the extended cold and snow.
  • Contracts written are up - way up. 24% in the Charlottesville MSA, 26% in Albemarle County, and 13% in the City of Charlottesville.
  • If there was enough good inventory Read More