Date Archives: April 2014

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Real Estate Market Report- CAAR- 1st QTR. 2014

April 15th, 2014 by Sharon McElwee

The first quarter market report from the Charlottesville Area Association of REALTORs has been published and the findings continue to show an ever improving real estate market in Central Virginia.

1st Quarter Sales Report 2014

This year may be all about the inventory, or lack of it. Property for sale now is at a five year low. The number of properties sold in the first quarter is almost identical to last year but we know that buyers are out in droves, looking for a home. It is likely that a strong spring demand and low interest rates will continue to push the median prices up. Note the trend of pricing across the region. The prices are the BEST THEY HAVE BEEN IN FOUR YEARS.

Best median Prices in FOUR YEARS

Want to see the entire REPORT?

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