City of Charlottesville Housing Market Data

There was an increase in total units sold in June, with 116 sold this month in City of Charlottesville Real Estate versus 99 last month, an increase of 17%. This month's total units sold was higher than at this time last year, an increase of 13% versus June 2020.

Versus last year, the total number of homes available this month is lower by 81 units or 50%. The total number of active inventory this June was 82 compared to 163 in June 2020. This month's total of 82 is lower than the previous month's total supply of available inventory of 103, a decrease of 20%.

Last June, the median sale price for City of Charlottesville Homes was $365,000. This June, the median sale price was $404,548, an increase of 11% or $39,548 compared to last year. The current median sold price is 3% lower 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 0.7 months of supply available in City of Charlottesville, compared to 1.6 in June 2020. That is a decrease of 55% 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 101 homes newly listed for sale in City of Charlottesville compared to 87 in June 2020, an increase of 16%. There were 110 current contracts pending sale this June compared to 93 a year ago. The number of current contracts is 18% higher than last June.

In June, the average sale price in City of Charlottesville was 101.8% of the average list price, which is 3.1% higher than at this time last year.

This month, the average number of days on market was 27, lower than the average last year, which was 39, a decrease of 31%.





Focus On: City of Charlottesville Housing Market			June 2021

Units Sold 116	Active Inventory 82	Median Sale Price $404,548	Days On Market 27

Up 13% Vs. Year Ago	Down -50% Vs. Year Ago	Up 11% Vs. Year Ago	Down -31% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 116 sold this month in City of Charlottesville Real Estate versus 99 last month, an increase of 17%. This month's total units sold was higher than at this time last year, an increase of 13% versus June 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 81 units or 50%. The total number of active inventory this June was 82 compared to 163 in June 2020. This month's total of 82 is lower than the previous month's total supply of available inventory of 103, a decrease of 20%.
		Median Sale Price Last June, the median sale price for City of Charlottesville Homes was $365,000. This June, the median sale price was $404,548, an increase of 11% or $39,548 compared to last year. The current median sold price is 3% lower 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 101	Current Contracts 110	Sold Vs. List Price 101.8%	Months of Supply 0.7

Up 16% Vs. Year Ago	Up 18% Vs. Year Ago	Up 3.1% Vs. Year Ago	Down -55% Vs. Year Ago


		Months of Supply In June, there was 0.7 months of supply available in City of Charlottesville, compared to 1.6 in June 2020. That is a decrease of 55% 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 101 homes newly listed for sale in City of Charlottesville compared to 87 in June 2020, an increase of 16%. There were 110 current contracts pending sale this June compared to 93 a year ago. The number of current contracts is 18% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in City of Charlottesville was 101.8% of the average list price, which is 3.1% higher than at this time last year. Days on Market This month, the average number of days on market was 27, lower than the average last year, which was 39, a decrease of 31%.



	*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.