Charlottesville Real Estate Market Report – May 2012
This Charlottesville real estate market report will examine the sales of single family detached homes in the city of Charlottesville.
May 2011 average list price $399,592.
May 2012 average list price $326,951.
May 2011 average sale price $317,828.
May 2012 average sale price $316,986.
May 2011 median sold price $245,000.
May 2012 median sold price $293,250.
May 2011 %sold/list 93.59%.
May 2012 %sold/list 96.95%.
1/1/2011 – 5/30/2011, 91 Charlottesville homes sold.
1/1/2012 – 5/30/2012, 124 homes sold on the Charlottesville real estate market.
We have seen a welcome increase in sales over last year. However although May figures are reflecting an increase in the median sold price as compared with last year that is not true for the year to date. Overall we have seen a slight decline in the median sold price. In addition, as a result of the sales increase we have experienced a reduction in inventory.
Hopefully we will continue to see an improving Charlottesville real estate market throughout the year.
Copyright 2012 by Pam Dent all rights reserved “Charlottesville Real Estate Market Report – May 2012“.