Charlottesville 2016 2nd Quarter Market Report

Charlottesville Real Estate – CAAR 2016 Second Quarter Market Report

Charlottesville Market Report

Our Charlottesville Area Association of Realtors has just released the latest real estate market report showing stats for sales in our area, 2016 2nd 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 2016 Second-Quarter Highlights:

  •  The 1,124 homes sold in the 2nd Quarter in Greater Charlottesville marked a 17.2% increase from last year, the highest quarterly total since 2006.
  • Prices gained 4.7% from last year as the median sales price reached $295,400.
  • The median DOM in the 2nd Quarter was only 25 days, eight-days lower than the Q2 15 level.
  • Despite a 6.6% increase in new listing activity during the quarter, inventory remains 10.8% lower than last year due to the gains seen in purchase activity.
  • The 1,836 active listings at quarter’s end represent 7.3 months of supply, down from 9.4 months at mid-year 2015.

(SEE FULL DETAILS BELOW)

Charlottesville 2016 2nd Quarter Market Report by Charles McDonald on Scribd

# of Views : 1887
Sign Out
Charles McDonaldBy Charles McDonald - Charles, and his firm, Charlottesville Solutions, are known locally and around the world for helping people relocate to the Charlottesville area. His background (running his own engineering firm for 20+ years in the Silicon Valley) has given him the skills to not only develop this site but also to manage a stellar group of agents!
MLS DISCLAIMER - PRIVACY POLICY
Charles McDonald, REALTOR® and Principal Broker, is Licensed to sell Real Estate in Virginia. 434-515-1585
Charlottesville Solutions, 2013 Woodbrook Court, Charlottesville VA 22901
Copyright © 2005-2019 Charlottesville Solutions - All Rights Reserved - Terms of Use (Legal)