Charlottesville VA Real Estate Market Report | May 2012

Charlottesville Real Estate
Home Sales Market Report for May 2012

54 Charlottesville Homes Sold for $15,250,295 in May 2012
31 Single Family Homes | 6 Townhouses | 17 Condos
Lowest Sale: $85,000 | Highest Sale: $849,000

  • Total Home Units Sold: 54
  • Average Sales Price: $282,412
  • Median Sales Price: $230,500
  • Average List to Sales Price: 96.81%
  • Average Days on Market: 83

The Charlottesville real estate market experienced an increase in home sales in May 2012. A total of 54 homes sold in May compared to 44 homes in April.

Charlottesville Home Sales by Price Range - May 2012

68.5% of Charlottesville home sales in May occurred in the below $300,000 price range.
7 Charlottesville foreclosures sold this month.
Distressed property sales made up 13% of the Charlottesville real estate market in May.

Charlottesville Real Estate Absorption Trend - May 2012

Based on the market absorption trend the Charlottesville real estate market is in a seller’s market.

View Recent Charlottesville Real Estate Market Reports Here:
Charlottesville Real Estate Market Report – April 2012
Charlottesville Real Estate Market Report – February 2012

If you are looking to buy or sell a Charlottesville home, it’s imperative that you hire a REALTOR® who knows the market. If you are considering selling your home in Charlottesville and you would like a FREE comparative market analysis, give us a call at 434.882.1055 to set up an appointment. If you are interested in buying a Charlottesville home, start your home search now:

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Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

Copyright © 2012 by Allegra Williams
Charlottesville VA Real Estate Market Report | May 2012

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