New Listings in April
Number of New Listings: 526
Median Price: $299,000
Average List Price: $458,705
Contingent Listings in April
Number of Contingent Properties: 252
Median Price: $275,000
Average List Price: $389,872
Average Days on Market:123
Pending Listings in April
Number of Pending Listings: 89
Median Price: $289,500
Average List Price: $403,414
Average Days on Market: 135
Sold Listings In April
Number of Sold Listings: 190
Total Sold Volume: $58,567,425
Median Price: $266,250
Average List Price: $322,273
Average Sold Price: $308,250
Percentage of Sold Price to List Price: 95.65%
Average Days on Market: 125
Currently Active Properties in our MLS: 2,513
Median Price: $324,000
Average List Price: $611,124
Average Days on Market: 143
Months of Inventory: 17.33
**All numbers reflect data from the CAAR MLS in the areas of Charlottesville, Albemarle, Greene, Fluvanna, Louisa and Orange
Our months of inventory dropped again. It's down to 17.33 from 18.90 in March. This means that Real Estate is picking up, which isn't a surprise since this area has always seen an increase in activity in the Spring. Just like in March, most people are selling their home about 5% less than their asking price. Keep that in mind while you are negotiating your offers.
Friday, May 2, 2008
Charlottesville Real Estate Market Update April 2008
Charlottesville Real Estate Market Update April 2008
New Listings in April
Number of New Listings: 526
Median Price: $299,000
Average List Price: $458,705
Contingent Listings in April
Number of Contingent Properties: 252
Median Price: $275,000
Average List Price: $389,872
Average Days on Market:123
Pending Listings in April
Number of Pending Listings: 89
Median Price: $289,500
Average List Price: $403,414
Average Days on Market: 135
Sold Listings In April
Number of Sold Listings: 190
Total Sold Volume: $58,567,425
Median Price: $266,250
Average List Price: $322,273
Average Sold Price: $308,250
Percentage of Sold Price to List Price: 95.65%
Average Days on Market: 125
Currently Active Properties in our MLS: 2,513
Median Price: $324,000
Average List Price: $611,124
Average Days on Market: 143
Months of Inventory: 17.33
**All numbers reflect data from the CAAR MLS in the areas of Charlottesville, Albemarle, Greene, Fluvanna, Louisa and Orange
Our months of inventory dropped again. It's down to 17.33 from 18.90 in March. This means that Real Estate is picking up, which isn't a surprise since this area has always seen an increase in activity in the Spring. Just like in March, most people are selling their home about 5% less than their asking price. Keep that in mind while you are negotiating your offers.