4 Things about Seasonal Slowing of the Charlottesville Market

I’ve referred to this chart so many times in the past few days, I thought I’d write another post.

(most of) The Charlottesville real estate market remains highly active. But … Amazingly, we are entering the seasonally and expected less active part of the market.

Single Family, attached, and condos in the Charlottesville MSA in 2016
Single Family, attached, and condos in the Charlottesville MSA in 2016

 

  1. That green bump at the end is likely representative of new construction closings-  70 of the 296 December 2016 closings were new construction; 50 of the 256 in November 2016 were new.
  2. If you’re thinking about buying in 2017, figure out your market, and look at the past 6 and 15 months of inventory that fits, and use that as a metric by which to set your expectations for the rest of the buying season.
  3. If you’re thinking about selling in 2017, now would be a good time to have that serious conversation; there is a market-driven sense of urgency.
  4. Questions? Call or email me. 434-242-7140 (I’m a real estate agent)
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