Charlottesville Real Estate – CAAR 2015 Year End Market Report

Charlottesville Real Estate – CAAR 2015 Year End Market ReportCharlottesville-Market-Report

 

Our Charlottesville Area Association of Realtors has just released the latest real estate market report showing stats for sales in our area, 2015 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 2015 Year-End Highlights:

  • Home sales in Greater Charlottesville have now increased for four consecutive years as the 3,282 homes sold in 2015 marked the highest level since 2006.
  • Pricing remained steady with a median sales price of $270,000 for the year, unchanged from 2014 and 10.2% higher than the 2011 bottom of $245,000.
  • Inventory is 16.5% lower than this time last year, the lowest level since year-end 2005.
  • Half the homes sold in 2015 were on the market 46 days or less, a six-day improvement from the median DOM of 2014 and the lowest level since 2006.

(SEE FULL DETAILS BELOW)

CAAR 2015 Year End Market Report

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