Charlottesville Real Estate 2012 3rd Quarter Market Report

Cville Market Report

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

There were 675 homes sold in the Charlottesville area in the third quarter, which was up 22.7% (+125 sales) from thethird quarter last year and the highest Q3 sales pace since 2009. Total units sold in this quarter are strong as comparedover the same time in 2010 and 2011, with 593 and 550 units sold in the same period
read more below:

Charlottesville 2012 3rd Quarter Real Estate

 

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