CAAR 2018 Fourth Quarter & Year-End Home Sales

Greater Charlottesville Area 2018 Fourth Quarter & Year-End Highlights:

• Home sales decreased 3.2% (841) compared to Q4 2017 (869), while year-end indicated a 5.7% gain.

• The median sales price remained steady at $300,000 compared to Q4 2017, as year-end marked a 4.6% growth.

• The median days on the market in the 4th Quarter was 63, 8-days lower than in Q4 2017, while year-end showed a 13.8% drop (9-days fewer).

• New listings declined 7.4% (764) compared to Q4 2017 (825), as year-end marked a 1.5% increase.

• Pending sales weakened 4.9% (704) compared to Q4 2017 (740), while year-end showed a 3.5% gain.

• Inventory of homes for sale dropped 10.5% (891) compared to Q4 2017 (995).

If you have a question about today's marketing, contact a REALTOR® today using www.mycaar.com! They have the experience, tools, and local insight you need to make the best real estate decision possible.

Read the full press release.

The Charlottesville Area Association of REALTORS® serves more than 1,300 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.