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2015 Year-End Market Report

CLICK HERE for your copy of the CAAR 2015 3rd Quarter Market Report.

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.

Real Estate Post

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