As Prices Continue to Decline, 61% of All Home Sales in the City of Charlottesville Were Under $250K in Q1 2012

The details come from the Nest Realty Group market report, embedded below.

The report states "The reduction in prices likely has had a positive impact on generating more sales." Additionally, mortgage interest rates have been  at or under 4% since the Fall of 2011.

The positives: Price declines are a big positive for buyers.  And buyer activity is up, with significant increase in contracts