Charlottesville Association of Realtors Annual Report

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

The full report can be found HERE

All information deemed accurate by the Charlottesville Association of Realtors®