Have some charts with your coffee.
(ignore the data prior to 11/09)
I like these charts; the 7-day rolling averages attempt to show just how nutty our market can be on a weekly basis. But look beyond those to the 90-day rolling averages for calmer trend lines.
The 7-day rolling average shows the volatility of the Charlottesville market on a weekly basis, but the 90 day rolling average seems to indicate that the average days on market for Charlottesville may be trending down. This could be due in part to the Spring market traditionally moving a bit quicker than the rest of the year.
We’re through the tax credit “season;” now we’ll be watching the numbers – showing traffic (more on this later), days on market, contracts written, what is selling and – importantly – for what prices.