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| JULY 2025 | |||
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| Units Sold 68 |
Active Inventory 148 |
Median Sale Price $512,500 |
Days On Market 34 |
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| Up 1% Vs. Year Ago |
Up 25% Vs. Year Ago |
Down -16% Vs. Year Ago |
Up 36% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 68 sold this month in City of Charlottesville Real Estate versus 92 last month, a decrease of 26%. This month's total units sold was higher than at this time last year, an increase of 1% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 30 units or 25%. The total number of active inventory this July was 148 compared to 118 in July 2024. This month's total of 148 is higher than the previous month's total supply of available inventory of 147, an increase of 1%. |
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Median Sale Price
Last July, the median sale price for City of Charlottesville Homes was $612,000. This July, the median sale price was $512,500, a decrease of 16% or $99,500 compared to last year. The current median sold price is 6% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 74 |
Current Contracts 49 |
Sold Vs. List Price 97.2% |
Months of Supply 2.2 |
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| Up 45% Vs. Year Ago |
Up 40% Vs. Year Ago |
Down -2.7% Vs. Year Ago |
Up 24% Vs. Year Ago |
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Months of Supply
In July, there was 2.2 months of supply available in City of Charlottesville, compared to 1.8 in July 2024. That is an increase of 24% 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. |
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New Listings & Current Contracts
This month there were 74 homes newly listed for sale in City of Charlottesville compared to 51 in July 2024, an increase of 45%. There were 49 current contracts pending sale this July compared to 35 a year ago. The number of current contracts is 40% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in City of Charlottesville was 97.2% of the average list price, which is 2.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 34, higher than the average last year, which was 25, an increase of 36%. | |||
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| *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. |
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