At Strong Team, REALTORS, we place tremendous value on knowing the Charlottesville area real estate market. As a team, we spend a lot of time researching and learning key statistics on the market, so that we can help our customers and clients make informed real estate decisions.
Because we know how valuable knowing the Charlottesville area real estate market is, we also want to educate as many people about the market as we can. We’re always looking for ways to share what we know with anyone who is interested in the Charlottesville area real estate market.
Today, we’re excited to share with you the 3rd Quarter Charlottesville Area Real Estate Market Report. This report looks at the 3rd Quarter performance of the greater Charlottesville real estate market, as well and breaking the market down by county. Information from the 3rd Quarter of 2016 is compared to the 3rd Quarter of 2015, and also to the previous months of 2016.
You can read and download the report when you CLICK HERE.
Here are some highlights from the report:
- Homes sales rose 20.9% over the same time last year, the highest since 2007, led by an increase of 32.9% in attached home sales.
- Greater Charlottesville median sales price remains stable at $273,864 (-0.2%).
- The median Days on Market in the 3rd Quarter was 36 days, eight days lower than in Q3 2015.
- The 1,719 active listings at quarter’s end represent 6.2 months of supply, down from 8.9 months at the end of Q3 2015.