Jeff Branscome writes about Spotsylvania County.
Home prices drop
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.