Albemarle County Home Sales Plunge 43% in July

Completed transactions for single family homes fell off a cliff from June to July 2011.  Remember, these contracts were written in May and June--long before the confidence-shakers of the debt ceiling debacle, fears of 2012 Recession, announcement of local rising unemployment, S&P credit downgrade.  Spring Selling activity was strongest in March and April this year; inventory's high but primarily