Spotsy govt.-the odds & ends
By Dan Telvock
Home prices drop
Sep. 24, 2009 4:16 pm
As the reassessment of county property is in full swing, here is the most-recent update from Commissioner of Revenue Deborah Williams: The Metropolitan Regional Information System shows that for the month of August the median sale price of the 146 homes that sold in Spotsylvania decreased by 12.79 percent from a month earlier. The median sale price was $190,500, down from $218,450 in July. This is the biggest drop since January 2008.
Williams writes that the residential real estate market continues to be "very erratic" with month-to-month percentage differences since January 2008 ranging from an increase of 15.78 percent in May 2009 to a decrease of 12.79 percent in August.
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About Dan Telvock:
Dan Telvock covers Spotsylvania County for The Free Lance-Star.
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About this blog:
News and Notes from Spotsylvania County. Not everything I want to write can get in the newspaper. So, this is an avenue for me to provide more information to the public about what the Spotsylvania government is doing.
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