C'ville and National Home Sales Drop in February, More Price Reductions Expected For Spring

January - February 2011 Month over Month % Sales Decline - Completed Sales

Charlottesville Single Family Homes 17 to 5  -70%
Charlottesville Condo 12 to 11  -8%
Charlottesville Townhouse 19 to 11  -43%
 
Albemarle Single Family Homes -30%
 
Louisa Single Family Homes 10 to 9  -10%
 
Nelson Single Family Homes 15 to 13  -13% 

RealCentralVA points out that 17% fewer sales have closed  in the