Charlottesville Real Estate Blog

AREA SALES TOTAL $ AVG PRICE % OF LIST AVG DOM HOMES FOR SALE Albemarle 110 $44,257,405 $402,340 94.81% 99 1059 Charlottesville 70 $19,250,876 $275,013 95.20% 125 352 Fluvanna 34 $9,144,000 $268,941 96.00% 137 371 Greene 16 $4,675,200 $292,200 95.81% 97 219 Louisa 14 $4,040,655 $288,618 96.68% 91 285 Orange 9 $1,690,277 $187,809 94.23% 162 170 Total 253 $83,058,413 $328,294 95% 118.5 2456

The number of sold properties in May rose significantly from April.  There was 190 sold properties in April, compared to 253 in May.  Our inventory also dropped a little bit from 2513 to 2456.  These are both steps in a positive direction for our Charlottesville Real Estate Market.  Higher sales and lowe inventory reduces our months of inventory considerably to around 10 months of inventory.  The buyers are out there for the correctly priced homes.