CHARLOTTESVILLE AREA HOUSING MARKET DATA

There was an increase in total units sold in June, with 333 sold this month in Charlottesville Area Real Estate versus 315 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 7% versus June 2024.

Versus last year, the total number of homes available this month is higher by 107 units or 17%. The total number of active inventory this June was 748 compared to 641 in June 2024. This month's total of 748 is lower than the previous month's total supply of available inventory of 785, a decrease of 5%.

Last June, the median sale price for Charlottesville Area Homes was $485,000. This June, the median sale price was $530,965, an increase of 9% or $45,965 compared to last year. The current median sold price is 9% higher than in May.

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

In June, there was 2.2 months of supply available in Charlottesville Area, compared to 2.1 in June 2024. That is an increase of 9% 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 332 homes newly listed for sale in Charlottesville Area compared to 348 in June 2024, a decrease of 5%. There were 263 current contracts pending sale this June compared to 273 a year ago. The number of current contracts is 4% lower than last June.

In June, the average sale price in Charlottesville Area was 99.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 22, lower than the average last year, which was 31, a decrease of 29%.





FOCUS ON: CHARLOTTESVILLE AREA HOUSING MARKET			JUNE 2025

Units Sold 333	Active Inventory 748	Median Sale Price $530,965	Days On Market 22

Up 7% Vs. Year Ago	Up 17% Vs. Year Ago	Up 9% Vs. Year Ago	Down -29% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 333 sold this month in Charlottesville Area Real Estate versus 315 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 7% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 107 units or 17%. The total number of active inventory this June was 748 compared to 641 in June 2024. This month's total of 748 is lower than the previous month's total supply of available inventory of 785, a decrease of 5%.
		Median Sale Price Last June, the median sale price for Charlottesville Area Homes was $485,000. This June, the median sale price was $530,965, an increase of 9% or $45,965 compared to last year. The current median sold price is 9% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 332	Current Contracts 263	Sold Vs. List Price 99.7%	Months of Supply 2.2

Down -5% Vs. Year Ago	Down -4% Vs. Year Ago	No Change Vs. Year Ago	Up 9% Vs. Year Ago


		Months of Supply In June, there was 2.2 months of supply available in Charlottesville Area, compared to 2.1 in June 2024. That is an increase of 9% 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 332 homes newly listed for sale in Charlottesville Area compared to 348 in June 2024, a decrease of 5%. There were 263 current contracts pending sale this June compared to 273 a year ago. The number of current contracts is 4% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in Charlottesville Area was 99.7% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 22, lower than the average last year, which was 31, a decrease of 29%.


	*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.