Welcome to the Nest Realty Charlottesville 2024 Mid-Year Market Report. Please find the downloadable PDF version of our full Charlottesville area Mid-Year Report here: Charlottesville_MYR_2024
Market Performance at a Glance
For Charlottesville, Virginia, the market remains strong but has shown a decline in total sales, marred by a continued inventory shortage and higher interest rates. The number of properties sold decreased from 1,611 in the first half of 2023 to 1,482 in the same period of 2024, representing an 8.0% drop. The days on market remained stable, holding steady at 32 days from the first half of 2023 to the first half of 2024. The average sales price increased from $546,945 in the first half of 2023 to $604,636 in the first half of 2024, marking a 10.5% rise. On a positive note, new listings grew from 1,984 in the first half of 2023 to 2,293 in the first half of 2024, representing a 15.6% increase.
Written by
Aaron H. Bible on August 8, 2024 Posted in Charlottesville , Charlottesville Market Reports Comments closed
