Charlottesville Real Estate – 2014 First Quarter – Numbers
Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2014 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 2014 Highlights:
- Closed sales were unchanged compared to Q1-2013, with 492 homes sold in Q1-2014
- The median sales price of $244,250 in Q1-2014 was up 7.4% from Q1-2013
- The fourth consecutive quarter with year-over-year price gains.
- Half of homes sold in the 1st Quarter were on the market 76 days or less, 18 days shorter than the median days on market (DOM) of 94 days in the same quarter last year