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 2nd 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 2nd Quarter 2014 Highlights:
Closed sales were up 5.0% from Q2-2013 with 856 homes sold in Q2-2014.
New listing activity in Q2-2014 picked up 10.4% over Q2-2013, resulting in a 6.7% increase in active inventory at quarter’s end compared to the same time last year.
Consistent with Q2-2013, half of the homes sold in the 2nd Quarter were on the market 40 days or less.