https://twitter.com/JimDuncan/status/918477160775548928
Download the 3rd Quarter Nest Realty Market Report here, then ask questions.
Short takeaways
- Across the Charlottesville area market, quality inventory is low.
- Prices are mostly up
- New construction is doing exceptionally well (nearly 25% of the market), in the face of skyrocketing supply costs (archived: 2023), and labor shortages (archived: 2023).
- If you’re thinking about buying or selling in Spring 2018, best start preparations now. (I can help).
- Sales and contract volumes in some market segments are up markedly (Albemarle County townhomes’ sales are up nearly 55%).
- Every. SubMarket. is Different.
- I talked to someone recently about a foreclosure.
- Talked to someone else about a short sale.
- And another who bought in 2005 who’s just now having a conversation about profit.
- And yet another who bought in the past 18 months who could likely sell for 10% more than they paid.
- The City + The Urban Ring of Albemarle County comprise significant pieces of our market.
Throwing some context into the Twittersphere
https://twitter.com/JimDuncan/status/918476589280657408
Questions? 434-242-7140
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
Dig Deeper
30 Minutes on Where the Charlottesville Real Estate Market Actually Is
What's actually happening the Charlottesville and Albemarle Real Estate market? Greg and I had a wide-ranging conversation about the state of the Charlottesville real estate market. The Charlottesville and Albemarle real estate market has reached an unmistakable turning point, with resale inventory doubling over the…
Talking Real Estate Matters – Interest Rates and Midterm Elections
I was on Michael Guthrie’s radio show, Real Estate Matters, last week. As I’ve started doing, I had Granola (AI note app) running, so I could focus on the conversation instead of going back and listening to take notes. I find great value in conversations…
Charlottesville-Albemarle Real Estate Market Shifting – October 2026
This is a different blog post than usual as it's a recounting of a recent conversation with a client, supplemented by market data. A client called me this week and asked, "What's going on in the Charlottesville - Albemarle market?" If you have questions about…
How’s the Charlottesville Market? In August 2026
How’s the Charlottesville market in mid-August 2026? I ran into a client the other day I’d not seen since they bought and sold their homes seven years ago. They’re a bit removed from it, the way most people are when they’re not actively buying or…