Charlottesville Area Year-End 2013 Highlights:
Yearly home sales in Greater Charlottesville were up 10% over 2012, marking the second straight year of double-digit gains.
The median sales price in 2013 was the highest level since 2008 and was 6.1% higher than in 2012.
The median sales price in Q4-2013 was up 4.6% over Q4-2012, the third consecutive quarter with year-over-year gains.
Half of homes sold in 2013 were on the market 54 days or less, the lowest median Days on Market since 2006. The median DOM in Q4-2013 was 15 days lower than Q4-2012.
New listings were up 6.4% in Q4-2013 compared to the same period in 2012, marking the fifth consecutive quarter with an annual gain.
Active inventory at year end is 5.6% higher than year-end 2012.