Charlottesville Real Estate Market Update May 2008

The number of sold properties in May rose significantly from April. There was 190 sold properties in April, compared to 253 in May. Our inventory also dropped a little bit from 2513 to 2456. These are both steps in a positive direction for our Charlottesville Real Estate Market. Higher sales and lowe inventory reduces our months of inventory considerably to around 10 months of inventory. The buyers are out there for the correctly priced homes.