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Charlottesville Real Estate Market Update June 2008

By Rob Alley

Real Estate Agent with RE/MAX Realty Specialists 0225174919

July 15, 2008 04:33 AM

Charlottesville Real Estate Blog

Charlottesville Real Estate Market Report for June 2008 July 14th, 2008 12:09 PM

AREA	SALES	TOTAL $	AVG PRICE	% OF LIST	AVG DOM	HOMES FOR SALE
Albemarle	124	$56,083,320	$452,285	90.52%	95	1059
Charlottesville	65	$21,048,180	$323,818	96.57%	104	353
Fluvanna	39	$10,417,267	$267,109	97.66%	113	371
Greene	17	$4,385,900	$257,994	98.31%	124	219
Louisa	14	$3,608,152	$257,725	96.15%	92	285
Orange	5	$937,990	$187,598	94.96%	171	170
Total	264	$96,480,809	$291,088	94%	116.5	2457

The number of sold properties in June rose slightly from May. There was 253 sold properties in May, compared to 264 in June. Our inventory remained virtually the same. These are both steps in a positive direction for our Charlottesville Real Estate Market. Higher sales and lower inventory reduces our months of inventory considerably to around 10 months of inventory. Its a good time to be a buyer right now.