Put simply – buyers want to buy. And a lot of them are tired of waiting.
Categorizing the Charlottesville real estate market:
– 20% distressed
– 20-30% is overpriced
– 20-25% is stuff that no one wants to buy
– 20% is in great condition, priced really well and is selling in under 60 days. *
Right now* there are 2122 homes on the market. 410 are currently under contract; 177 (43%!) have continuous days on market of under 30 days and 219 (53%) have CDOM of under 60 days.
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.
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