• Home sales climbed 7.5% (1,290) compared to Q2 2017 (1,200), led by an increase (23.6%) in attached homes. 

• Greater Charlottesville median sales price rose slightly to $314,500 (1.6%) compared to this time last year ($309,500). 

• The median days on the market in the 2nd Quarter was 45, 10-days lower than in Q2 2017. 

• New listings increased 7.5% (1,691) compared to Q2 2017 (1,573), as pending sales also improved by 12.8% (1,238) compared to this time last year (1,098). 

• Inventory of homes for sale declined 8.6%, resulting in 4.0 months supply of inventory compared to 4.8 months supply in Q2 2017. 

Inventory of homes for sale is quite low in all markets, which makes it a great time to sell. If you know a friend, relative or associate who is thinking of selling their home, and would like a complimentary competitive market analysis, please email us or give us a call today (434) 390-4312!

It is still a great time to buy as well, as interest rates are still very favorable and there are several new loan programs available.  If you know of anyone interested in buying, please email us or give us a call today (434) 390-4312.

Have a great Summer!