Q3 Market Report

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Nest Realty has just released the market report for the third quarter of 2016 in the Charlottesville Metropolitan Statistical Area (MSA) and we’re here to point out a few key figures and direct you to the full report, just in case you’re interested.

The Charlottesville MSA is made up of the following areas: Albemarle County , City of Charlottesville, Fluvanna County, Greene County, Louisa County and Nelson County.

-Across the Charlottesville MSA, total home sales are up 8% in the third quarter of 2016 compared to the third quarter of 2015.

-The median sales price in Albemarle County is currently $343,000.

-When comparing Q3 2015 to Q3 2016, we saw an inventory drop of 11% in Albemarle County.

-In the City of Charlottesville, houses are averaging 42 days on the market.

-In 2016 Q3, there have been 17% more contracts written than in Q3 2015 in the City of Charlottesville.

Bonus Fun Fact: A Nest agent was involved in 31% of transactions in Albemarle County and 40% of all transactions in the City of Charlottesville.

For more facts, more figures and explanations of the data, give us a call or check out the full report at the link below. We are happy to answer any questions you may have!

http://www.nestrealty.com/blog/wp-content/uploads/2016/10/Q3-2016-Cville-Market-Report_FINAL.pdf