2013 First Quarter Numbers
Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2013 1st 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 Realtor.
Charlottesville Area 1st Quarter 2013 Highlights:
- Overall sales in Greater Charlottesville were up 6.3% over the same quarter last year, resulting in the highest Q1 sales rate since 2007.
- Half of the homes sold in Q1-2013 were on the market 94 days or less, representing nearly a 1-month improvement over the median days on market (DOM) in the same quarter last year of 120 days.
- The average sales price of $276,795 in the 1st Quarter was down 1.2% from Q1-2012.