Remember the $8,000 homebuyer tax credit? Remember how it pulled demand forward and compressed the 2010 real estate market (in Charlottesville at least)?
In trying to figure out the first part of 2014, that’s the best sort-of-analogy I can make. So far, things are looking less awesome than they would appear. There are so many nuances that I tend to look at for clients – new construction versus resale, proximity to whatever it is that is important to them and that particular sub-real estate market, interest rates, ability to walk or bike to groceries and more. But. For a brief high-level look –
It looks like the first two months of 2014 were slower than the first two months of 2013 and March is when the market starts to pick up.
Remember – Normal” is “Now”
Still trying to figure this out …
For context, let’s look at 2012 versus 2013:
And for the full 12 months –
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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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