Contracts are up in the Charlottesville area – significantly. Prices are down, inventory is down, sales are up. There is some positivity in the market; multiple offers, while not “the norm” are definitely common.
As I’ve said to clients: properties that are priced well*, in great condition, and in great locations tend to be selling well.
I’m still trying to make time to run a few different numbers – breakdown of property type, etc. I’m doing these for my clients on property-specific instances frequently) but haven’t been able to do it for here …
* Priced well is part science, part art, part data analytics and part luck, sometimes not in equal proportions.Briefly:
For the Charlottesville MSA (Charlottesville, Albemarle, Fluvanna, Greene, Nelson) – (don’t count on the Days on Market; they’re easily gamed) –
Charlottesville MSA Sales and Inventory -Feb