Core Logic and FHFA: Charlottesville Area Home Prices Continue to Drop

There are a host of factors that will continue to put downward pressure on Charlottesville Area home prices.  Two indices that track the Charlottesville Area real estate market show the data; declines have  accelerated in 2011.

Core Logic's latest monthly report addresses prices in October, where the y/y decline is -5%.  September's y/y decline was  at 5.8%.  These are closed, aggregated sales: