Charlottesville Area Association of Realtors’ Report for 2010 (PDF)

Browse the whole thing.

In short:

– Inventory remains high

– Prices may have stabilized. Sort of. We’ll know when we have hindsight.

-Drawing conclusions based on either the first half (the tax credit market) or the second half would be irresponsible.

No one knows yet where we are, when the “bottom” will be realized or … what is a normal level of transactions?