Sales were comparatively buoyant 13 years ago, even with the 30 yr fixed mortgage averaged around 7.5% in 1999. 2011 opened at 4.8% and closed at 3.8%.
Graph of Sales, All Types, Charlottesville Area
The data comes from this post at RealCentralVA; graphs are produced by this blog. Click on images for larger versions in new window.
- The Virginia Housing Development Authority chronicles the laggardly sales here.
- See also the Charlottesville Area Association of Realtors 2011 Year-End Report.
- And as The Daily Progress notes, it's going to remain a Buyer's Market in 2012 and beyond.
The Data for Graph 1, by Month
The Data for Graph 2, by Month
Tired sitcom joke, which works here: Ring! Ring! Hello, Charlottesville Area? 1999 is calling to offer condolences for 2011's home sales.