First Quarter 2012 CAAR Market Report: Sales Rise As Charlottesville Area Average Home Prices Drop 7.5%

Supporting the old saying "There's nothing price won't fix," the greater Charlottesville Area (City plus 5 counties) is seeing a rise in closed sales as well as properties going under contract.   The -7.5% year-over-year decline in average price represents all property types combined.  The "American Dream" category of the single family (detached) homes in the Greater Charlottesville Area fell