Homes placed under Contract in Charlottesville and Albemarle in the month of October:
These numbers do not reflect much new construction (archived: 2019) 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.)
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
Dig Deeper
There Is NO “National” Housing Market
I haven't done a Friday Chart in a while, but this struck me: This is a chart showing the inventory for Scripps Ranch in San Diego, courtesy of one of the best writers I know, Kris Berg. Contrast the above chart with the one for…
Question Everything – Especially Real Estate Reporting (Friday Chart)
“Last month the CAAR had about 2,900 homes on the market, only 95 of them sold." When I saw that number, my first thought was "What? That's awful. I need to double check that." From CAAR's page: Try as I might, I couldn't replicate these…
Friday Chart – Charlottesville MSA Real Estate Update – First 47 Days
I'm always trying to get a handle on what's happening in the Charlottesville real estate market**, and while anecdotal evidence is useful, data is mighty helpful as well. Showed two houses today. One - on market for 2 days w/ 2 offers. Other - on…
Friday Chart – Where are We *Right Now*?
For your review: The Nest Report for January 2011 (pdf) covering the Charlottesville Extended MSA (EMSA)* * EMSA = Charlottesville, Albemarle, Nelson, Louisa, Greene, Fluvanna (more…)