Thursday, January 6, 2011

City of Charlottesville Real Estate Update: December 2010 Single Family Home Sales

2010 had 15% fewer single family home sales than 2009: 253 v. 292.  But those who went ahead and bought paid more in December 2010 than December 2009. Which makes perfect sense: sales nosedived locally and nationally in the second half of the year on expiration of the Homebuyer Tax Credit.  Those who bought in the City this past December weren't relying on $8k from Uncle Sam to get into a house.  December sales have remained low for the past several years: 15, 13, 16.

The numbers:
 Data set via/copyright Realtor Pam Dent.

See Also: Albemarle County Single Family Home Sales December 2010

Related: Experts Predicting Home Price Declines

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