CHARLOTTESVILLE AREA HOUSING MARKET DATA

There was an increase in total units sold in April, with 247 sold this month in Charlottesville Area Real Estate versus 233 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 6% versus April 2024.

Versus last year, the total number of homes available this month is higher by 149 units or 25%. The total number of active inventory this April was 753 compared to 604 in April 2024. This month's total of 753 is higher than the previous month's total supply of available inventory of 634, an increase of 19%.

Last April, the median sale price for Charlottesville Area Homes was $475,000. This April, the median sale price was $499,000, an increase of 5% or $24,000 compared to last year. The current median sold price is 2% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 3.0 months of supply available in Charlottesville Area, compared to 2.3 in April 2024. That is an increase of 33% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 518 homes newly listed for sale in Charlottesville Area compared to 455 in April 2024, an increase of 14%. There were 324 current contracts pending sale this April compared to 331 a year ago. The number of current contracts is 2% lower than last April.

In April, the average sale price in Charlottesville Area was 100.0% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 33, lower than the average last year, which was 49, a decrease of 33%.





FOCUS ON: CHARLOTTESVILLE AREA HOUSING MARKET			APRIL 2025

Units Sold 247	Active Inventory 753	Median Sale Price $499,000	Days On Market 33

Down -6% Vs. Year Ago	Up 25% Vs. Year Ago	Up 5% Vs. Year Ago	Down -33% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 247 sold this month in Charlottesville Area Real Estate versus 233 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 6% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 149 units or 25%. The total number of active inventory this April was 753 compared to 604 in April 2024. This month's total of 753 is higher than the previous month's total supply of available inventory of 634, an increase of 19%.
		Median Sale Price Last April, the median sale price for Charlottesville Area Homes was $475,000. This April, the median sale price was $499,000, an increase of 5% or $24,000 compared to last year. The current median sold price is 2% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 518	Current Contracts 324	Sold Vs. List Price 100.0%	Months of Supply 3.0

Up 14% Vs. Year Ago	Down -2% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 33% Vs. Year Ago


		Months of Supply In April, there was 3.0 months of supply available in Charlottesville Area, compared to 2.3 in April 2024. That is an increase of 33% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 518 homes newly listed for sale in Charlottesville Area compared to 455 in April 2024, an increase of 14%. There were 324 current contracts pending sale this April compared to 331 a year ago. The number of current contracts is 2% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Charlottesville Area was 100.0% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 33, lower than the average last year, which was 49, a decrease of 33%.


	*Defined as the counties of Albemarle, Fluvanna, Greene, and Nelson and the city of Charlottesville in VA
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CGAHR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CGAHR or Long & Foster Real Estate, Inc.