2017 4th Quarter & Year-End Charlottesville VA Real Estate Market Report

2017 4th Quarter & Year-End Charlottesville VA Area Real Estate Market Report

Homebuyers and Sellers should read the following information which tells all for 2017 in our area! The 2017 4th Quarter & Year-End 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. 

2017 Fourth Quarter & Year-End | WWW.CAAR.COM

FOR DETAILS, SEE 4TH QUARTER CAAR MARKET REPORT.PDF

Greater Charlottesville Area 2017 Fourth Quarter & Year-End Highlights:

•    Home sales increased 7.5% (863) compared to Q4 2016 (803), while year-end indicated a 4.0% gain. 

•    Greater Charlottesville median sales price rose to $300,000 (12%) compared to Q4 2016 ($267,842), as year-end marked a 7.4% improvement.

•    The median days on the market for Q4 2017 remained steady at 71- days, unchanged from Q4 2016, while year-end showed a 8.5% decline (six-days fewer). 

•    New listings grew 13.4% (822) compared to Q4 2016 (725), as year-end marked a 2.8% increase. 

•    Pending sales improved 17.6% (761) compared to Q4 2016 (647), while year-end showed a 7.5% surge.

•    Inventory of homes for sale declined 15.9% (939) in Q4 2017, as year-end indicated a 15.7% decrease.

2017 Fourth Quarter & Year-End Quarter Greater Charlottesville and County Market Reports 
Please click below:

Charlottesville Area Association of REALTORS®
550 Hillsdale Drive, Charlottesville, VA 22901
Office: (434) 817-2227 | Fax: (434) 817-2836