I’ve written a lot, looked at a lot, and analyzed a lot. Over the past two days, I have looked at real estate market data specific to the Charlottesville MSA for nearly six hours (and I still have quite a bit yet to come, including updated median sales price numbers).* I’ve written thousands of words, and thought that a summary post may be useful.
Even this real estate analysis is too broad; to really know what’s happening, you (and I) need to study the market segment relevant to you. Every segment is different and unique.
– Single family homes in Charlottesville MSA: sales up 1.5%, median sales price down 4%
– Attached homes in Charlottesville MSA: sales down 16%, median sales price down 3%
– Condos in Charlottesville MSA: sales down 17%, median sales price down 3.5%