2019 is now more than halfway over and we are excited to release our 2019 Charlottesville Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
Overall, total sales in the Charlottesville area real estate market decreased, while prices and inventory levels rose.
QUICK TAKEAWAYS
- Total sales decreased nearly 2% year-over-year across the Charlottesville MSA in the first half of the year. Total sales were 1,942, a 1.7% decrease from 2018, when there were 1,975 total sales.
- The median sales price in the first half of 2019 was $315,000, a 1.6% increase over 2018’s median sales price of $310,000.
- In the Charlottesville MSA, average days on market rose 10.5% to 63. The City of Charlottesville had the lowest average days on market within the Charlottesville MSA at 38 days.
Be sure to check out the full 2019 Charlottesville Mid-Year Market Report here for more info on how the market performed in the first half of the year.
Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.
Have questions? Contact your Nest Broker today.