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The Numbers Are In - 2014 Year-End Real Estate Market Report

CAAR

Charlottesville Area 2014 Year-End Market Report

- Annual home sales in Greater Charlottesville were up 2.0% over 2013, marking the third consecutive year with gains. - Sales increased in five of the six jurisdictions, led by a 12.6% year-over-year sales gain in Greene County. - The median sales price for 2014 was the highest level since 2007 and was 1.9% higher than 2013. - Half the homes sold in 2014 were on the market 52 days or less, representing the lowest Median Days on Market since 2006. - After a 4th Quarter that saw 10.0% more sales than last year, active inventory at year-end is slightly down from the year-end 2013 level (-0.9%).

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