Housing stock doubles!

Here’s a shocking statistic for ya: according to a recent market analysis by the Charlottesville Area Association of Realtors, 2,377 homes are for sale in their database...that’s more than double the homes for sale at the same time last year! Equally as shocking is the rise in the median price of a home: $285,000 in CAAR’s market area (Charlottesville, Albemarle County, Nelson, Greene, Fluvanna, and Louisa), up 27 percent from last year. In Albemarle County: $339,000, up 42 percent from last year.

Before you freak out, consider realtor and real estate blogger Jim Duncan’s calming analysis:

"We are seeing a shift in the market - that of properties returning to being considered homes and investments rather than strictly unending bank accounts. That’s a good thing."

In other words, a return to reality.

3 comments

Guess it's time for "Realtors" to dust up the resume.

Story in today's progress on the changes afoot:
http://dailyprogress.com/servlet/Satellite?pagename=CDP/MGArticle/CDP_Ba...

A note to the Hook (whomever put's up these blog posts since you leave them unsigned).

Proper Blogging etiquette:

1) When you are quoting a "blogger" you should include a link to his blog.
2) You should include a link to his blog especially if the quote you are using came from a specific post said blogger made. And in that case the link should be to that specific post.

3) You should NOT quote your own article within the quote attributed blogger unless the quote from the blogger came from that article.

I only mention this because I've seen "The Hook" do this several times.. that is quoting someone from somewhere that isn't the hook and providing a link which only links back to a hook story that is not the source. Self promotion's okay, but when you're borrowing from someone else let's give them a little plug too.

Anyway that's my 2 cents.