Third quarter sales (July 2009 - September 2009) shows continued decline in land sales. With 52 sales by REALTORS© in the Lynchburg MLS we are still off a 2006 third quarter high of 116 sales by 45% and down 58% from 2008 gross sales. Note that first and second quarters were off almost the same amount.

(2006 - 2009) Third Quarter Sales

On September 30th the Lynchburg MLS has 1463 land listings with 1102 being less than 6-acres. The number of new properties six-acres, or less, increased by 100-lots from the second quarter. Choices still favor the purchaser. This is still a buyer’s market.

Napoleon said, “Ability is of little account without opportunity.”

Filed under: Buyer, Central Virginia, Statistics on October 26th, 2009