C’ville No Longer “Extremely Overvalued”

No longer does Charlottesville’s real estate market make the cut as “extremely overvalued”, at least in the estimation of the City Housing Valuation Analysis. That dubious distinction was awarded to us last August, when we were ranked 71st in the nation for having real estate prices inflated an estimated 24%. Now we’ve been dropped from the ranking (107k PDF), along with Essex County, MA; Worcester, MA; Jackson, MI;, Portland, ME; and Bay City, MI.

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