Buyers Market in Charlottesville?

Is this a Buyers Market? It seems we are seeing a lot more homes coming on the market in our area. Charlottesville Real Estate is a very cylical market (see charts on www.MyCharlottesvilleAGENT.com). But we are surely seeing a increase in inventory.
My buyers are being more selective and with good reason. Yes there are more choices but with interest rates on the rise “caution” is important.
Most agents will say that we are going into a more normal period, which would be good news. Seems to me buyers are starting to take control. Is it a “buyers market”… I am not saying that it is… but it is getting interesting… Stay tuned
Charles McDonald
REALTOR®, “Licensed to sell real estate in Virginia”

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