Not much has changed in the Charlottesville real estate market since the Mid-Year Market Report. Sales are still behind last year, the inventory of homes for sale is still too high, and prices are stagnant. Buyers still have the upper hand, and sellers are still struggling to find the right package (price, amenities, and location) to make their home stand out in a very competitive market. Attractive mortgages are still available (despite what you might have heard about the Wall Street meltdown), and our local economy is still relatively insulated from all the national troubles.
See the full report.