2019 2nd Quarter Charlottesville VA Area Real Estate Market Report
Homebuyers and Sellers should read the following information which tells how our local real estate market is faring. The 2019 2nd Quarter Charlottesville VA Real Estate Market Report also gives links to more in-depth analyses. The Charlottesville Area Association of Realtors, or CAAR, is the provider of these reports.
2019 Second Quarter | WWW.CAAR.COM
The Charlottesville area real estate market overall continues to be healthy.
CLICK HERE for a full accounting of second quarter sales in the Charlottesville, Virginia region.
According to the Charlottesville Area Association of Realtors
CAAR Home Sales Report 2nd Quarter 2019 Charlottesville Area Association of REALTORS
Market Report Key Takeaways
Economic Conditions
- Job growth has slowed in the Charlottesville area; however, the regions Educational Services sector continues to boom. An extremely low unemployment rate suggests that local businesses are having a hard time finding qualified workers in the region.
Housing Market Conditions
- Sales activity continues to be down slightly from last year in the overall CAAR region, and remained essentially flat in Albemarle County.
- After declining at the start of the year, the median sales price trended up in the 2nd quarter, rising $13,650 compared to a year ago. The fastest price growth is occurring in the City of Charlottesville, with prices up nearly $27,000 from this time last year.
- Homes continue to stay on the market longer on average. The average days on market in the 2ndquarter rose 3 days from last year to 54 days.
CLICK HERE for a full accounting of second quarter sales in the Charlottesville, Virginia region.
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If you are considering purchasing or selling a home in the Charlottesville area, rely on me to help you put the pieces together. Virginia Gardner, Roy Wheeler Realty Co., (434) 981-0871 Email Virginia
