Monday, January 16, 2012

Charlottesville Area 4th Quarter 2011 Highlights:

  • Median sales price for the region is down 0.4% over last quarter and 3.6% from the Q4 2010 to $240,000
  • New listings were down 20.3% from the same period last year.
  • Homes took an average 9 days longer to sell compared to Q4 2010 with average Days on Market (DOM) of 161.
  • Pending sales rose 19.3% over same time 2010 from 456 in Q4 2010 to 544 in Q4 2011.
  • The median sales price for 4th Quarter sales year over year declined 3.75% from $249,000 to $240,000.

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