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CAAR Publishes 2015 Second Quarter Home Sales

CAAR 2015 Second Quarter Report posts significant gains in homes sales up 12% over Q2-2014, with 959 closed sales for the quarter; Area Median Days on Market is at a nine year low at 33 days; Sellers received 95.8% of  original list price at sale, highest level since 2007.  

Charlottesville Area 2nd Quarter 2015 Highlights:

  • Closed sales in the Greater Charlottesville area up significantly 12.0% versus last year, with the 959 closed sales, marking the highest quarterly tally since 2007.
  • Median sales price for the region increased 2.1% from Q2-2014, rising from $276,500 to $282,220.
  • Half of the homes sold in the 2nd Quarter were on the market 33 days or less, the lowest median days-on-market since 2006.
  • Sellers received an average 95.8% of original list price, up from 95.1% last year and the highest level since 2007.
  • Active inventory is now 11.5% lower than last year, while purchase activity is high and new listings coming online are stable to 2014 levels.

 2015 CAAR Second Quarter Market Report
 
Click here for the full press release. For more information on this report or the real estate market, contact a local REALTOR® today!

About CAAR

The Charlottesville Area Association of REALTORS® serves more than 1,000 real estate professionals and affiliate members throughout the City of Charlottesville and the counties of Albemarle, Fluvanna, Greene, Louisa and Nelson. Widely recognized as the leading voice for real estate in Central Virginia since 1925, CAAR members bring professionalism and high ethical standards to every business transaction. The Association advocates for the protection of private property rights and provides tools and technology for members to achieve expertise in serving the needs of customers and clients. The CAAR membership is committed to enriching the region’s neighborhoods by engaging in a variety of educational programs as well as community service events each year.

Vision - The REALTOR® is indispensable to every real estate decision.

Mission - To support our REALTOR® members to be professional, ethical and successful.