We’ve released our Q1 2013 Charlottesville real estate market report. Overall, the market continues to move in a positive direction. However, the first quarter produced some mixed messages in the marketplace. For example, even though overall sales were up, home sales in Albemarle and Charlottesville were down. Year-over-year median prices were down in most market segments.
View Nest Realty’s 2013 Charlottesville Real Estate Market Report
A few more highlights:
- Total MSA home sales increased slightly (+0.39%) to 516 units (as compared to 514 in Q1 2012). This marks the 7th straight quarter in which we have seen year-over-year increases in total MSA sales.
- Albemarle County sales fell by 6.78% (220 vs. 236) as compared to Q1 2012
- Charlottesville City sales fell by 26.37% (67 vs. 91) as compared to Q1 2012
- Median prices in the Charlottesville MSA were off by 2.77%
If you have any further questions, reach out to your favorite Charlottesville real estate agent.
