Charlottesville Real Estate – CAAR 2014 Third Quarter Market Report
Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2014 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 2014 Highlights:
Median sales price is up 8% over Q3-2013, driven by positive gains in sales of detached homes.
There were 795 homes sold in the 3rd Quarter in Greater Charlottesville, 55 fewer than the number sold in Q3-2013, a decrease of 6%.
Pending sales in the 3rd Quarter numbered 843, a 5.5% increase over Q3-2013.
Half of the homes sold in the 3rd Quarter were on the market 48 days or less.