Charlottesville Real Estate – CAAR 2016 Third Quarter Market Report
Our Charlottesville Area Association of Realtors has just released the latest real estate market report showing stats for sales in our area, 2016 3rd Quarter.
This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area.
The specifics are pulled from our local MLS and you have likely been advised by your agent of specific trends in your area.
Remember to discuss specific market conditions with your Charlottesville Realtor.
Charlottesville Area 2016 Third-Quarter Highlights:
- Homes sales rose 20.9% over the same time last year, the highest since 2007, led by an increase of 32.9% in attached home sales.
- Greater Charlottesville median sales price remains stable at $273,864 (-0.2%).
- The median Days on Market in the 3rd Quarter was 36 days, eight-days lower than in Q3 2015.
- The 1,719 active listings at quarter’s end represent 6.2 months of supply, down from 8.9 months at the end of Q3 2015.
(SEE FULL DETAILS BELOW)