• Home
    • Buying
    • 3rd Quarter Charlottesville Area Real Estate Market Report

    3rd Quarter Charlottesville Area Real Estate Market Report

    charlottesville real estate stats statistics buying sellingAt 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.
    Overall, the data in the report is very encouraging.  All of the major market indicators– median price, average days on market, total inventory– are trending in a positive direction.  The market is most certainly in the most healthy condition we have seen in years.
    If you’re thinking about entering the Charlottesville area real estate market, whether buying or selling, we encourage you to take a look at the full report HERE.  The more you know about the real estate market, the better chance you give yourself of achieving your real estate goals and maximizing your opportunity.
    If you have any questions about any of the information in the report, or would like additional data that isn’t included, just let us know.  We’re always happy to share more information about the Charlottesville area real estate market to anyone who is interested!

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the local area.

    Testimonials

    The entire Strong team is very knowledgeable about the area and that is why we chose them. Patsy never held back in suggesting ways to show our home inside and out and we got rid of a lot of clutter…it worked! They are open to suggestions and always return calls. They stop by  to see the finale staging of the house and make sure all is set!!! We did interview a few agents and Patsy and the Stong Team were the perfect match for us.
    The Cappelins