Charlottesville Albemarle Home Sales Slow to A Crawl in July: It's A "Buyer's Market" With Soaring Inventory But Few Willing or Able Purchasers

 This market is  years away from balance, and "recovery" remains elusive, as inventory soars and sales plunge during the "Spring / Summer" selling season, typically the busiest time of year.

The handwriting's on the wall, not the contracts: June saw 122 properties go under contract in Charlottesville and Albemarle.  Through July 22, just 67 properties have gone under contract.  Even if sales