Greater Charlottesville Real Estate Market Second Quarter 2012

Lets look at some highlights of the Charlottesville Association of Realtors mid year market report:

Sales in the greater Charlottesville real estate market were up 8.6% for the second quarter of 2012 as compared with Q2 2011.

The city of Charlottesville experienced the greatest second quarter sales increase, with sales up 29.7% over last year.

Albemarle County has experienced a Q2 median sales price increase of 5% over Q2 2011 and the city of Charlottesville experienced an increase of 3.3%.

Fluvanna, Louisa and Nelson all experienced year over year declines in the median sale price for the second quarter.

Only 9.4% of the total sales in Q2 2012 were foreclosures as compared with 13.3% in Q2 of 2011.

For a more detailed analysis read the complete CAAR Mid-Year Market Report

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