66% of all 2010 sales were in the "First Time" price category of under $300k. Consequently, in the second half of the year, home sales in this area and category plummeted. This is the environment for the "Spring Selling Season."
Buyers expect more price declines, and sellers are cautioned against being greedy.
Albemarle County Single Family Home Sales
- 2010 sales are approximately -44% lower than during the peak sales years in this category of 2004 and 2005.
- 2010 sales are approximately -30% lower than a decade ago, 2001.