The Charlottesville region’s real-estate market may have slowed to a tortoise’s pace, but that’s actually a good thing — at least for first-time homebuyers.
The number of homes available for less than $250,000 has rocketed to 1,236, up from only 150 or so during the red-hot peak of the market in 2005.
With high inventory on the less pricey end of the real-estate market, prices may be dropping into affordable territory for many young families and others who are renting.