Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2012 3rd Quarter.
This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. Remember to discuss specific market conditions with your Realtor.
3rd Quarter 2012 Highlights:
- Overall sales in Greater Charlottesville were up 22.7% over the same quarter last year.
- The average sales price of $313,445 in the 3rd Quarter was up 6.8% from Q3-2011 and 1.4% from Q2-2012.
- Homes took 23 fewer days to sell on average in Q3-2012 than Q2-2012, and active inventory was down 18.9%over Q3-2011.
- Median short sale price in Q3 increases to $176,000 representing a 20.5% jump from $146,000 at the same time last year
3rd Quarter 2012 Sales & Contract Activity