1) In February, both in Charlottesville and Albermarle County, sales increased over February of 2008

2) The National Association of Realtors reported that the relationship between home prices and family income is the most favorable it has been since 1970

3) The Wells Fargo Housing Market Index showed that Builder confidence has improved for the 1st time in months due to increased buyer activity.

These figures may not mean an improving and consistent trend but it is good news nonetheless.  In Charlottesville and the cenrtal Virginia area, it is still a very price sensitive market.  Whether you are talking a large multi-million dollar farm and/or estate or your very first home, when the price drops to a certain point, facts show that there are buyers that want to take advantage of the interest rates and the opportunity to buy a home they couldn’t have afforded 2 years ago.