Charlottesville Real Estate

Homes took an average 9 days longer to sell compared to Q4‐2010 with average Days on Market  of 161

 Pending sales rose 19.3% over same time 2010 from 456 in Q4 2010 to 544 in Q4 2011.

 The median sales price for 4th Quarter sales year‐over‐year declined 3.75% from $249,000 to $240,000.

The most affordable areas in our market were Greene, Louisa, and Fluvanna counties. 

Overall sales were down a nominal 1.5% from 2010, though up slightly from 2009 levels. 

Active inventory to close 2011 is down 7% from year end 2010. 

Days on Market stable since 2010, half of homes sold in 86 days or less in 2011 and average DOM was149 in 2011. 

 Median Sales price for 2011 of $245,000 was down 3.9% from year end 2010.