Fourth quarter sales (Oct. 2009 - Dec. 2009) show continued decline. Compared with 2006 fourth quarter sales, number of sales in 2009 are down 58 percent. Gross sales in the last year are down 26 percent.

(2006 - 2009) Fourth Quarter

On December 31st the Lynchburg MLS has 1131 land listings with 891 being less than 6-acres. The number of new properties six-acres, or less, increased by 211-lots from the third quarter, but at the time of this post they have gone back up to 1115. This massive change is due to end-of-the-year expirations and the change-over to a new MLS system. 

Choices still favor the purchaser. This is still a buyer’s market.

“A pessimist is one who makes difficulties of his opportunities and an optimist is one who makes opportunities of his difficulties.” — Harry Truman

Filed under: Buyer, Central Virginia, Seller, Statistics on January 21st, 2010