Pending Contracts Plunge As Homebuyer Tax Credit Expires
May Contracts Plunge Nationally and Locally, 35-50%
June's Cville Albemarle contracts are at an 11 year low
Read the report:
CAAR's Mid-Year Market Report via RealCentralVA.
Graphs: Declining RE Sales in Central VA
What Constitutes a Lowball Offer in C'ville Albemarle?
The VA Housing Development Authority Market Conditions and Challenges Report
Daily Progress reporting on local sales:
Mid-Year 2010: Subsidies Boost Sales, Future Looks Bleak
Mid-Year 2009 "Area's Mid-Year Home Sales Reflect Continued Struggle."
Mid-Year 2008: "Is This the Bottom?"
**Except for Louisa County, down to 2004 level.
***Inventory will start declining now as unsold units are rented, or pulled off the market, waiting for next year's "turn."
Images copyright CAAR. Graph for SFH contracts via RealVCentralVA