Here’s the quickie version of the first-quarter market report just out from CAAR (the Charlottesville Albemarle Association of Realtors). There are tons of houses on the market—3,673, to be exact. Many of those have been for sale for ages. Sales are down 27.4 percent from the first quarter of 2007. Still, the median sales price for the market area is up 3.9 percent. Albemarle County in particular saw median prices rise nearly 18 percent; CAAR attributes this to fewer condo sales and the fact that, in the “affordable” part of the market, Albemarle homes might have a tough time selling compared with those in outlying counties.
Previous "This Just In" articles from this week:
Red Light lands Roanoke amphitheater deal [April 13]
City councilor says other councilors “hate democracy”
Couric Center going up! [April 12]
Katie Couric going down?
Scalia revisits TJ’s religious views [April 11]
Supreme Court justice visits UVA Law School
Hoop dreams come true [April 10]
Sharnee Zoll taken in third round of WNBA draft
Gunfire inside van leaves two men shot [April 9]
Woman injures her ankle
Area homeless numbers rise [April 8]
Children counted doubles
