The 1st Quarter Real Estate Sales data for the Charlottesville Area Association of Realtors has been released. We’re looking good…
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2014 1st Quarter Market Report
Charlottesville Area 1st Quarter 2014 Highlights:
– Closed sales were unchanged compared to Q1-2013, with 492 homes sold in Q1-2014.
– The median sales price of $244,250 in Q1-2014 was up 7.4% from Q1-2013, the fourth consecutive quarter with year-over-year price gains.
– Half of homes sold in the 1st Quarter were on the market 76 days or less, 18 days shorter than the media days on market (DOM) of 94 days in the same quarter last year.
©2014 RealEstate Business Intelligence, LLC. All Rights Reserved Data Source: CAAR MLS. Statistics calculated April 4, 2014
For full details, 2014 1st Quarter Market Report.