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2016 Year-End | WWW.CAAR.COM
Introducing the New Market Report with Specific City and County Reports
Starting this month, CAAR is providing members with increased market and statistical analysis products, delivering even more value for your membership. Fresh for 2017, CAAR is producing an enhanced Greater Charlottesville Market Report and associated products, including city and county specific reports (see below):
Charlottesville Area Year-End Highlights:

• Home sales rose 12.7% over Q4 2015, led by a significant increase of 34.0% in attached home sales. 

• Greater Charlottesville median sales price increased slightly to $268,000 (1.1%) compared to this time last year ($265,000). 

• The median days on the market in the 4th Quarter was 31, 19-days lower than in Q4 2015.

• New listings dipped 1.3% (815) compared to 2015 year-end (826), while inventory of homes for sale marked a 14.6% decline.

• Pending sales climbed 11.4% compared to Q4 2015, driven by a high demand in attached homes (36.9%).