Charlottesville Real Estate – CAAR 2014 Year End Market Report

Charlottesville Real Estate – CAAR 2014 Year End Market Report

Charlottesville-market-reportOur Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2014 Year End.

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 2014 Year End Highlights:

Annual home sales in Greater Charlottesville were up 2.0% over 2013, marking the third consecutive year with gains.

Sales increased in five of the six jurisdictions, led by a 12.6% year-over-year sales gain in Greene County.

The median sales price for 2014 was the highest level since 2007 and was 1.9% higher than 2013.

Half the homes sold in 2014 were on the market 52 days or less, representing the lowest Median Days on Market since 2006.

After a 4th Quarter that saw 10.0% more sales than last year, active inventory at year-end is slightly down from the year-end 2013 level (-0.9%)

Charlottesville Real 2014 Year End Market Report

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