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You are here: Home / Albemarle / Prepping for Mid-Year 2014 Market Update

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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June 30, 2014 4 Comments

Comments

  1. akansha says

    July 2, 2014 at 00:28

    Nice Blog and Great article…its always working for me well…Keep
    going!! for more details about New residential Project Lakeside Habitat. and
    call 8971315026 for Booking. Visit http://www.prestigelakesidehabitat.org.in/

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  2. akansha says

    July 2, 2014 at 00:29

    well
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  3. akansha says

    July 2, 2014 at 00:29

    Thanks
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  4. Simon Campbell says

    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.

    Reply

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About Jim Duncan

I am a Realtor/Broker/Partner with Nest Realty in Charlottesville, Virginia. The goal of this site/blog remains unchanged in the nearly 10 years since its founding – to provide clear, coherent and unbiased analysis of the Charlottesville area real estate market.

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