With respect to today’s Charlottesville real estate market, 2022 is irrelevant. First and second quarter 2023 are equally irrelevant. What matters is what is happening right now.

With that, a few stats that I’m putting out, with the question — what real estate market stats are you curious about?

For this post, I’m looking only at Charlottesville + Albemarle.

• In 2013, there were 1,942 homes sold; 477 (24.56%) were marked as cash in the MLS.
• From January to June 2023, 1,101 homes have sold; 344 (31.22%) were cash. From 1 July to 8 October – 532 & 177 – 32.33%.
  • I looked more deeply at cash transactions in Charlottesville + Albemarle in February.
• For just June – July – August
• 2023 – 508 sold
  • Average price: $646,116
  • Median price: $510,498
  • Average days on market: 25
  • Number of New Construction: 135 (26.57%)
• 2022 – 668 sold
  • Average price: $ $568,362
  • Median price: $455,000
  • Average days on market: 18
  • Number of New Construction: 111 (16.61%)

Short summary:

Not much has changed in the past few months.

Here’s to more inventory in 2024.