1) Local Salaries are not keeping pace with housing prices.
2) There is a limit on how many people from other markets can afford to move to the Central VA area.
3) Look at how many REALTORS there are now – as everyone was moving into day trading, so are many moving into the real estate market. The misconception that this business is “easy money.” It’s not.
4) Everybody is talking about real estate, refinancing, etc.
I am not sure what to think about the dramatic increase in the number of Withdrawn listings.