Home Price Depreciation: How Much More Will Prices Drop In Charlottesville Real Estate? 10%? 20%? 30%?

Update 8/26 pm: see comments and a note on this post.


According to the following data, the Charlottesville single family home market segment has seen a decline in pricing of 11.47% since the all-time high in the 4th Quarter of 2007.

National sales plunged to a 15 yr low in July, and the Charlottesville Albemarle area did much worse. Across the Country, prices in the most "bubbly" areas have