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| AUGUST 2025 | |||
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| Units Sold 50 |
Active Inventory 151 |
Median Sale Price $465,000 |
Days On Market 38 |
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| Down -12% Vs. Year Ago |
Up 29% Vs. Year Ago |
Down -34% Vs. Year Ago |
Up 6% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 50 sold this month in City of Charlottesville Real Estate versus 69 last month, a decrease of 28%. This month's total units sold was lower than at this time last year, a decrease of 12% versus August 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 34 units or 29%. The total number of active inventory this August was 151 compared to 117 in August 2024. This month's total of 151 is lower than the previous month's total supply of available inventory of 156, a decrease of 3%. |
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Median Sale Price
Last August, the median sale price for City of Charlottesville Homes was $700,000. This August, the median sale price was $465,000, a decrease of $235,000 compared to last year. The current median sold price is 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. |
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| New Listings 75 |
Current Contracts 59 |
Sold Vs. List Price 97.9% |
Months of Supply 3.0 |
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| Up 19% Vs. Year Ago |
Up 23% Vs. Year Ago |
Down -4.3% Vs. Year Ago |
Up 47% Vs. Year Ago |
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Months of Supply
In August, there was 3.0 months of supply available in City of Charlottesville, compared to 2.1 in August 2024. That is an increase of 47% 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 75 homes newly listed for sale in City of Charlottesville compared to 63 in August 2024, an increase of 19%. There were 59 current contracts pending sale this August compared to 48 a year ago. The number of current contracts is 23% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in City of Charlottesville was 97.9% of the average list price, which is 4.4% 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 36, an increase of 6%. | |||
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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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