April 2010 has felt like more listings have been coming on the market and more have been staying on the market than in previous years. But, feelings don’t necessarily matter so I’d rather look at the data.
Looking purely at the data, a greater percentage of active listings in the Charlottesville MLS have gone under contract this year versus 2009. I’m not spinning, I’m not evening opinionating today. Just putting it out there.
Have we turned? I doubt it. Is this year better – in volume – than last year? Yep. Should you rush out and buy a home today because the tax credit is ending? Nope.
As always, the raw data is below the fold.
(Ignore the timeframe before 11/09)
What data sets would you like to see?
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The title of the chart doesn’t reflect the title of the post, ie, that these are new listings for APRIL. Details, details. But this should be clarified for the sake of accuracy.
In Charlottesville there are 265 single family homes for sale, about 22% higher than in April 2009.
In Albemarle County, there are 867 single family homes for sale, about 20% higher than April 2009.
Why wouldn’t there be more contracts this year than last? Last year was the depth of the Great Recession, and this year there’s the tax cred and low interest rates and 3.5% down payments.
This market could have performed better than it did with more realistic seller pricing. You’re right: the market’s not turning!
How I haven’t blocked you from commenting here … 🙂
Thanks for pointing that out. Fixed.
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