Today, Nest Realty Group released our first mid-year market report. Personally, I am excited about this because it represents one of the reasons we originally partnered – to produce more thorough and comprehensive real estate market reports and analysis for the Charlottesville, Virginia region. This report is but a start, as we are already planning supplements to the report.
From the "Positive Signs" section (bolding mine):
2. Anecdotally, if you talk with any active Realtor in the local market, they’ll tell you that there are definitely buyers looking at properties. We don’t have access to the â€˜total number of house showings’ for the entire Charlottesville EMSA, but there is a healthy flow of real buyers still in our market that are ready, willing, and able to purchase homes. Here’s the proof: approximately 1 in 3 single family homes in Charlottesville and Albemarle that have sold in 2009 were on the market for less than 30 days (32% to be exact). In fact, approximately 1 in 4 single family homes that have sold so far in 2009 went under contract in less than 2 weeks. While we’re not completely sold on the accuracy of â€˜Days on Market’ (DOM) given that some Realtors attempt to â€˜gameâ€˜ the system, it is a positive sign that homes do sell quickly if they are in good condition, in a good location, and priced well.
If you have any questions, please feel free to contact us anytime. We licensed it under a Creative Commons license, so feel free to use it how you see fit (with attribution, of course).
Update: Direct Link to PDF is here.