Charlottesville Real Estate Market Update for April 2008 New Listings in April Number of New Listings: 526 Median Price: $299,000 Average List Price: $458,705
Contingent Listings in April Number of Contingent Properties: 252 Median Price: $275,000 Average List Price: $389,872 Average Days on Market:123
Pending Listings in April Number of Pending Listings: 89 Median Price: $289,500 Average List Price: $403,414 Average Days on Market: 135
Sold Listings In April Number of Sold Listings: 190 Total Sold Volume: $58,567,425 Median Price: $266,250 Average List Price: $322,273 Average Sold Price: $308,250 Percentage of Sold Price to List Price: 95.65% Average Days on Market: 125
Currently Active Properties in our MLS: 2,513 Median Price: $324,000 Average List Price: $611,124 Average Days on Market: 143 Months of Inventory: 17.33
**All numbers reflect data from the CAAR MLS in the areas of Charlottesville, Albemarle, Greene, Fluvanna, Louisa and Orange
Our months of inventory dropped again. It's down to 17.33 from 18.90 in March. This means that Real Estate is picking up, which isn't a surprise since this area has always seen an increase in activity in the Spring. Just like in March, most people are selling their home about 5% less than their asking price. Keep that in mind while you are negotiating your offers.
Charlottesville Real Estate