Homes placed under Contract in Charlottesville and Albemarle in the month of October:
These numbers do not reflect much new construction or properties that will not proceed to closing for any number of reasons, such as home inspection negotiations not coming to terms, financing issues, etc.
As I mentioned last week, we may be seeing a blip of hope.
(in light of the anticipated wave of foreclosures and short sales, combined with Charlottesville area unemployment numbers, take this blip with a grain of salt. But it’s a glimmer nonetheless.)