In the Charlottesville Area Association of Realtors 1stQ 2010 Market Report, there was a note on the inventory number:
"As of this writing [April 12] we have 3,535 homes on the market, compared to 3,608 at this time last year. This is the largest year-over-year decrease in several years, but we are still above the balanced inventory level in the 2,000 to 2,500 range."So much for momentary lows. As of noon, the inventory was at 3,600 for all of Central Virginia. Currently, there are 267 single family listings in City of C'ville, and 862 single family listings in Albemarle County; the number is at 1,528 properties of all types, including
The data for Weeks 1, 2, 3 of April may be found here.
No buyer? Uh oh. And more uh oh.
BusinessInsider: Homeownership Now At Lowest Level Since Q1 2001
CalculatedRisk: The Latest Case Shiller Price Index Can't Be Trusted, According to Its Creators
CalculatedRisk: Real Home Prices and the Unemployment Rate
Meredith Whitney: On Goldman Sachs and the Coming Double Dip in Housing