Quick Look at the Charlottesville Region’s Real Estate Market – July 2017

Numbers, while they don’t necessarily lie, don’t always tell the full story. As I’ve said for years – your micro-market matters. Your neighborhood matters. This neighborhood could be within 1/10th of a mile of that neighborhood, but in the higher level analyses, look very similar.

Download these market reports, and then … ask questions.

Related NBC29 story.

Somewhat related story from Reuters

New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery.

Coming on the heels of data this month showing a tumble in home building and permits in July, the weak sales pace suggests that housing could remain a drag on economic growth in the third quarter.

“The third-quarter sales data are starting out significantly below the second-quarter average, and many other housing reports have also shown some recent weakening in their respective trends,” said Daniel Silver, an economist at JPMorgan in New York. “Today’s report strengthens our conviction that real residential investment will decline in the third quarter.”

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  1. Pingback: Racism, Charlottesville, Texts after 7 | Monthly Note Archives - RealCentralVA.com

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