Charlottesville's Real Estate Blog. Buyer &/or Seller Representation, Real Estate News
Beautiful display of data is useful. Market data + beautiful display *and* appropriate context = relevance.
Nest Realty’s Annual Report is out, and it’s beautiful.
2023 continued the 15 year-plus trend of too little inventory, and more buyers than sellers. Market dynamics seen before (supply & demand), and dynamics unseen (skyrocketing rates & increasing rather than decreasing sales prices). This is a level-setting post, not one from which to draw conclusions. Example: in the first 9 days of 2022, there were 8 new resale listings in the MLS; in the first 9 days of 2023, there were 22 new listings, and in the first 9 days of 2024, there have been 28 new listings. Is this a trend, a sign of what 2024 will be, or nothing meaningful at all? We’ll see.
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The “normal” Charlottesville real estate market is the market we are in right now. …
The Charlottesville area real estate market continues to plod along, with few significant changes as interest rates continue to rise higher and higher.
Charlottesville Reddit Real Estate AMA – October 2023. Inventory, buyer letters, market update, zoning, affordability, HOAs, bubble?
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.
How many homes will come on the market that will fit you?
In 2017, I wrote a story laying out an answer to this question for Charlottesville, and for Albemarle. The logic and rationale remains the same, but the numbers have changed.
So have prices.