When comparing 2004 and 2007, sales in Charlottesville/Albemarle are down about 30%.Between 2004 and 2007, sales are down, days on market are up, and the absorption rate is apparently nearly 3.5 times higher than it was in 2004 (this seems to be such a jump that it may be a data error)….  2004 Sold – Charlottesville & Albemarle – Single Family homes, attached homes and condos2007 Sold – Charlottesville & Albemarle – Single Family homes, attached homes and condosInventory levels seem to be following a similar trend line as to that of years past, although greatly exaggerated….  2004 Sold – Charlottesville & Albemarle – Single Family homes and attached homes (no condos)2007 Sold – Charlottesville & Albemarle – Single Family homes and attached homes (no condos)….  Sellers are motivated, and it really and truly is a great time to buy a house – so long as you do the appropriate due diligence, detach your emotions and negotiate well.Daniel has the 2006 versus 2007 statistics.Below the fold are the numbers for the Central Virginia region.

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