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
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…
Recapping July’s Charlottesville Real Estate Reddit AMA
Doing these AMAs is a highlight of every quarter. I learn something every time, get great questions, and hopefully help answer questions and educate people. Plus, doing these forces me to research and vet the information every time. I am sure I make mistakes, but…
End of June 2026 Charlottesville Real Estate Market Status
If 2026's Charlottesville real estate market is anything like last year's market, we still have a ways to go -- ~40% of this year's listings haven't come on the market yet. I was going to wait until first week of July to write this so…
Two Weekends Tell the Story of Charlottesville’s 2026 Spring Market
One of the most important stories of the 2026 Charlottesville real estate market remains pricing + velocity. 82% of homes listed this year that went under contract went under contract in 30 days or less. In Charlottesville + Albemarle, 914 resale homes have been listed…