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2016 2nd Quarter Market Report

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

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.

Real Estate Post

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