After a cold and snowy start to 2014, Q1 has come to a close. Coming off a strong year of market performance in 2013, there were high hopes for what the market would bring in 2014. Overall, the market’s performance was mixed in Q1 with certain geographic segments of the market outperforming others. Check out the Q1 highlights below and read the full Nest Report here to find out in-depth how the market performed in Q1 and how metrics are trending moving into Q2 2014.
- Total sales in Albemarle are down 9.61% over Q1 2013
- Total sales in the City of Charlottesville rose 18.31% over Q1 2013
- Median home prices rose 7.05% across the Charlottesville MSA
- Inventory levels rose 8.83% across the Charlottesville MSA