Charlottesville 2017 2nd Quarter Market Report

Charlottesville Real Estate – CAAR 2017 Second Quarter Market Report

Our Charlottesville Area Association of Realtors has just released the latest real estate market report showing stats for sales in our area, 2017 2nd Quarter.

unnamedThis 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 Charlottesville Realtor.

Charlottesville Area 2017 Second-Quarter Highlights:

•   Home sales climbed 3.9% (1,176) over Q2 2016 (1,132), led by an increase of 10.8% in attached home sales.
•   Greater Charlottesville median sales price rose to $308,500 (4.3%) compared to this time last year ($295,900).
•   The median days on the market in the 2nd Quarter was 13, 8-days lower than in Q2 2016.
•   New listings (1,729) remained steady compared to this time last year (1,703), while pending sales dropped slightly (-0.5%).
•   Inventory of homes for sale declined -29.7%, resulting in 5.4 months supply of inventory compared to 8.2 months supply in Q2 2016.

(SEE FULL DETAILS BELOW)

Charlottesville 2017 2nd Quarter Market Report by Charles McDonald on Scribd

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