A few highlights (there are more in the report) –

1 – Inventory is down across the Charlottesville MSA. Quality inventory is seemingly non-existent, depending on your market segment.

2 – Buyers are smart, savvy and patient. Prices go down, sales volume goes up.

3 – New construction costs are up across the board.

4 – Distressed sales continue to drop; they still comprise a significant volume, but less now.

5 – Shadow inventory remains an unknown and thus, a concern.

Click through to read the entire report.

Q3 2012 Charlottesville Nest Report