CITY OF CHARLOTTESVILLE HOUSING MARKET DATA

There was an increase in total units sold in June, with 91 sold this month in City of Charlottesville Real Estate versus 88 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 11% versus June 2024.

Versus last year, the total number of homes available this month is higher by 27 units or 23%. The total number of active inventory this June was 147 compared to 120 in June 2024. This month's total of 147 is lower than the previous month's total supply of available inventory of 177, a decrease of 17%.

Last June, the median sale price for City of Charlottesville Homes was $586,250. This June, the median sale price was $545,000, a decrease of 7% or $41,250 compared to last year. The current median sold price is 8% 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 1.6 months of supply available in City of Charlottesville, compared to 1.5 in June 2024. That is an increase of 10% 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 59 homes newly listed for sale in City of Charlottesville compared to 71 in June 2024, a decrease of 17%. There were 51 current contracts pending sale this June compared to 56 a year ago. The number of current contracts is 9% lower than last June.

In June, the average sale price in City of Charlottesville was 100.6% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 17, lower than the average last year, which was 18, a decrease of 6%.





FOCUS ON: CITY OF CHARLOTTESVILLE HOUSING MARKET			JUNE 2025

Units Sold 91	Active Inventory 147	Median Sale Price $545,000	Days On Market 17

Up 11% Vs. Year Ago	Up 23% Vs. Year Ago	Down -7% Vs. Year Ago	Down -6% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 91 sold this month in City of Charlottesville Real Estate versus 88 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 11% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 27 units or 23%. The total number of active inventory this June was 147 compared to 120 in June 2024. This month's total of 147 is lower than the previous month's total supply of available inventory of 177, a decrease of 17%.
		Median Sale Price Last June, the median sale price for City of Charlottesville Homes was $586,250. This June, the median sale price was $545,000, a decrease of 7% or $41,250 compared to last year. The current median sold price is 8% 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 59	Current Contracts 51	Sold Vs. List Price 100.6%	Months of Supply 1.6

Down -17% Vs. Year Ago	Down -9% Vs. Year Ago	Down -1% Vs. Year Ago	Up 11% Vs. Year Ago


		Months of Supply In June, there was 1.6 months of supply available in City of Charlottesville, compared to 1.5 in June 2024. That is an increase of 10% 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 59 homes newly listed for sale in City of Charlottesville compared to 71 in June 2024, a decrease of 17%. There were 51 current contracts pending sale this June compared to 56 a year ago. The number of current contracts is 9% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in City of Charlottesville was 100.6% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 17, lower than the average last year, which was 18, a decrease of 6%.



	*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.