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!