Home sales, the number of homes listed, the number of pending sales and the median sale price in the Charlottesville metropolitan area were all up in 2017, as compared with 2016, according to the Charlottesville Area Association of Realtors’ quarterly report.
Even categories that went down indicate that the market is on the way up. The number of days a house stayed on the market and the inventory of homes waiting to be sold were both down.
“The fourth quarter was very strong compared to the fourth quarter of 2016,” said Arleen Yobs, CAAR president and a broker with Nest Realty. “It tells us that people not only believe it’s a good time to sell a home, but it’s a good time to buy one, too.”