Posts from April 28th, 2018
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April
28
28
Charlottesville Area Association of REALTORS® Publishes 2018 First Quarter Home Sales
Greater Charlottesville Area 2018 First Quarter Highlights:
• Home sales climbed 13.7% (691) compared to Q1 2017 (608), led by an increase (28.3%) in attached homes.
• Greater Charlottesville median sales price rose to $309,145 (13.8%) compared to this time last year ($271,629).
• The median days on the market in the 1 st Quarter was 70, 11-days lower than in Q1 2017.
• Pending sales increased 8.8% (1,134) compared to this time last year (1,042), as new listings declined slightly (1.7%).
• Inventory of homes for sale declined -13.9%, resulting in 3.5 months supply of inventory compared to 4.3 months supply in Q1 2017.
National O...