Market Review and Trends for Charlottesville and the Surrounding Area

by Deborah Rutter on February 8, 2010

Every industry has their meetings, associations, group workshops and the like…the Charlottesville Association of Realtors (CAAR) is no different.  We meet monthly, and having been a member of several Realtor associations on a local level, the CAAR group does a great job at giving me what I want…data and insight and action-able info. 

Last week, the Virginia Housing Development Authority sent Barry Merchant to give CAAR agents an overview of the state of the state, and how our MSA (metropolitan statistical area) compares with others in Virginia.  And we’re doing well-ish by comparison.VHDA

This is the PowerPoint presentation…it’s better than it sounds, and provides some solid data to hang our hats on about how we got here and where we’re trending.   Below the link is the podcast, too.  Open the PPoint, and then the PodCast.

Power Pointhttp://share.caar.com/Market%20Reports/Barry%20Merchant%2004Feb10%20Presentation.ppt

PodCast:  http://share.caar.com/podcast/GMM_02_04_10.mp3

Notable is that local unemployment is double from December 2007 levels, but better than most of the surrounding areas:

Unemployment trends for central Virginia

If you’re wondering what is reasonably in store for the future of the area on a macro-level, check out this presentation.

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