2013 Third Quarter Numbers
Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2013 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 Realtor.
Charlottesville Area 3rd Quarter 2013 Highlights:
- Overall sales in Greater Charlottesville were up 25.9% over the same quarter last year and represented the highest 3rd Quarter sales total since 2007.
The median sales price of $267,612 in the 3rd Quarter was up 11.6% from Q3-2012, the highest year-over-year price gain of any quarter since 2007.
Half of the homes sold in Q3-2013 were on the market 46 days or fewer, representing a 24-day improvement over the median days on market (DOM), down from 70 days in the same quarter last year.