Market Statistics
Here’s some perspective, 2004 versus 2007:
Days on Market is about the same, but look at the inventory levels. Take-aways? Believe it or not, things are most assuredly selling, albeit at a slower pace than we have seen in some time. Properties that are priced well, and often well-below sellers’ expectations, are in fact selling. What I am trying to avoid is perpetuating what I have termed a “climate of fear perpetuated by the media.” The reality is not-so-great, but it’s not that bad.
Solely for Charlottesville/Albemarle.
2004
2007
For Charlottesville, Albemarle, Fluvanna, Greene, Louisa and Nelson:
2004
2007
Sorry for the large number of market posts, but now is the time to reflect and analyze.
*Source: CAAR
Interested in Learning More?
Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.
Dig Deeper
How’s the Charlottesville Market? In August 2026
How’s the Charlottesville market in mid-August 2026? I ran into a client the other day I’d not seen since they bought and sold their homes seven years ago. They’re a bit removed from it, the way most people are when they’re not actively buying or…
Recapping July’s Charlottesville Real Estate Reddit AMA
Doing these AMAs is a highlight of every quarter. I learn something every time, get great questions, and hopefully help answer questions and educate people. Plus, doing these forces me to research and vet the information every time. I am sure I make mistakes, but…
End of June 2026 Charlottesville Real Estate Market Status
If 2026's Charlottesville real estate market is anything like last year's market, we still have a ways to go -- ~40% of this year's listings haven't come on the market yet. I was going to wait until first week of July to write this so…
Two Weekends Tell the Story of Charlottesville’s 2026 Spring Market
One of the most important stories of the 2026 Charlottesville real estate market remains pricing + velocity. 82% of homes listed this year that went under contract went under contract in 30 days or less. In Charlottesville + Albemarle, 914 resale homes have been listed…