In light of the national new-home sales numbers showing their largest drop in 12 years, here is some local context.  These are for all inventory, re-sale and new homes; I don’t trust the MLS data sufficiently regarding new homes sales.December 2003 -215 residential properties sold.December 2004 – 249 residential properties sold….  1922 active units on the market = 10.01 months of inventoryDecember 2007 – 138 residential properties sold.  2169 active units on the market = 15.72 months of inventory*The MLS now only allows statistical analysis reports back only three years, so I am unable to pull inventory data for anything earlier than January 2005.** These numbers are for Albemarle, Charlottesville, Fluvanna, Greene & Nelson Counties.

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