As we all know, the National Ground Intelligence Center is bringing a lot of jobs to Charlottesville and Albemarle County – some are estimating 1000…and maybe even more. With those jobs is increased promise that the influx of jobs will help boost the Charlottesville real estate market. Is that a crazy thought? I don't think so. Real estate pricing can be traced back to supply and demand. In 2004, the supply of Charlottesville homes was low and demand was high…so prices skyrocketed. We’re in a situation now where the tables are reversed: inventory levels for Charlottesville and Albemarle homes are extremely high and demand is, well, so-so. For more analysis, check out Nest Realty's Charlottesville Real Estate blog.
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