Charlottesville Metro Area Real Estate Market Extends Downward Trend in Contracts

Sales fell in the Charlottesville Metro Area market to two homes sold over the last 30 days. It's also under an emerging downward trend in the number of contracts closing, with this week's number falling to three. The median sales price rose dramatically to $389,000 over the latest reporting period for the Charlottesville Metro Area, up from $304,500. The Charlottesville Metro Area is a strong buyer's market with 46 months of inventory to choose from, aided by the downturn in contracts.

Want a home with a large living space in the Charlottesville Metro Area? Start your search with these listings that provide the most in the area:

$11.8M   $5.1M   $1.2M  

Demographic facts for the Charlottesville Metro Area:

  • Over the past 10 years, the population has increased 15.8%.
  • The area's lifestyle rating is 58. (Scale: 1 = Worst, 100 = Best)
  • 72.9% of the residents travel to work in an automobile, 12.1% via carpool, and 2.8% by way of public transit.

Data reported through 1/11/2017

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RE/MAX Realty Specialists
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Heritage
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Keller Williams Realty
Snapped 29 homes in this area

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