February 2012: Charlottesville Area Median Price For Single Family Homes Drops -32% Since 2010

Although there's been some chat about contracts rising, hard data shows that January 2012 completed sales stank.  Now the February Nest Realty Group report shows that for the Greater Charlottesville Area in February, completed sales rose because prices have declined; for the single family home, it's -32%, and for condos/townhouses, it's -14% since 2010.  That year, of course, was the height of