Prepping for Mid-Year 2014 Market Update

Looking briefly at the homes that have gone under contract in Albemarle and Charlottesville from 1 January to 30 June (June’s not yet over as of this writing) and if you do the math, you’ll see that this year’s market is (broadly) moving a bit faster than last year’s. I’m looking forward to digging into the numbers.

Halfway through 2014 and the market remains odd. Low inventory in some market segments, high inventory in others, houses hitting the market prior to hitting the MLS more often than I’ve ever seen, new construction prices increasing rapidly, new developments selling like crazy, and I’m starting to look at data to figure out what the market’s been doing.

Here’s a little bit of data looking at some price range statistics for Charlottesville and Albemarle so far this year – June 2014.

Questions, comments about the market? Let me know.

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4 Comments

  1. Simon Campbell July 10, 2014 at 09:36

    I am a little confused about your chart. It would seem that the blue indicator indicates the total amount sold during the time period and that the sum of the 30, 60 and 90 indicators should equal the blue indicator. Additionally, the statement “this year’s market is (broadly) moving a bit faster than last year’s” is odd since it looks like 2014 is slower with less sales and that properties are taking longer to sell. But, I could just be drinking Drano and totally lost the point. Hope you can clear it up for me. Thanks.

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