CHARLOTTESVILLE AREA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 266 sold this month in Charlottesville Area Real Estate versus 276 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 5% versus August 2024.

Versus last year, the total number of homes available this month is higher by 154 units or 24%. The total number of active inventory this August was 788 compared to 634 in August 2024. This month's total of 788 is higher than the previous month's total supply of available inventory of 766, an increase of 3%.

Last August, the median sale price for Charlottesville Area Homes was $491,202. This August, the median sale price was $466,303, a decrease of 5% or $24,899 compared to last year. The current median sold price is 1% lower than in July.

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

In August, there was 3.0 months of supply available in Charlottesville Area, compared to 2.3 in August 2024. That is an increase of 31% 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 331 homes newly listed for sale in Charlottesville Area compared to 303 in August 2024, an increase of 9%. There were 225 current contracts pending sale this August compared to 221 a year ago. The number of current contracts is 2% higher than last August.

In August, the average sale price in Charlottesville Area was 98.0% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 38, higher than the average last year, which was 32, an increase of 19%.





FOCUS ON: CHARLOTTESVILLE AREA HOUSING MARKET			AUGUST 2025

Units Sold 266	Active Inventory 788	Median Sale Price $466,303	Days On Market 38

Down -5% Vs. Year Ago	Up 24% Vs. Year Ago	Down -5% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 266 sold this month in Charlottesville Area Real Estate versus 276 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 5% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 154 units or 24%. The total number of active inventory this August was 788 compared to 634 in August 2024. This month's total of 788 is higher than the previous month's total supply of available inventory of 766, an increase of 3%.
		Median Sale Price Last August, the median sale price for Charlottesville Area Homes was $491,202. This August, the median sale price was $466,303, a decrease of 5% or $24,899 compared to last year. The current median sold price is 1% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 331	Current Contracts 225	Sold Vs. List Price 98.0%	Months of Supply 3.0

Up 9% Vs. Year Ago	Up 2% Vs. Year Ago	Down -2.1% Vs. Year Ago	Up 31% Vs. Year Ago


		Months of Supply In August, there was 3.0 months of supply available in Charlottesville Area, compared to 2.3 in August 2024. That is an increase of 31% 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 331 homes newly listed for sale in Charlottesville Area compared to 303 in August 2024, an increase of 9%. There were 225 current contracts pending sale this August compared to 221 a year ago. The number of current contracts is 2% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Charlottesville Area was 98.0% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 38, higher than the average last year, which was 32, an increase of 19%.


	*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.