But the Charlottesville market area remains strong. PDF link here.Virginia’s median existing-home price for November was $197,213, up 20 percent from a year ago when the median was $163,750. The median is a typical market price where half of the homes sold for more and half sold for less.I expect full statistics from CAAR shortly. I did just see that CAAR has previous years’ statistics in XML format; I don’t know how to use this, but I know that it can be used! Help, anyone?
Browsing Category Market statistics
Market Trends
From the most recent CAAR news monthly – Statistics show that the average consumer follows a well-defined housing cycle…. uses statistical averages to define the housing cycle as follows:By Age 25 – Become apartment dwellers
By Age 33 – Become first-time homebuyers
By Age 44 – Trade-up to a larger home
By Age 52 – Buy a vacation home
By Age 65 – Buy a retirement homeOf course these are “average†homebuyers which we all know don’t exist, but the cycle is valid in predicting the market trends. If we apply this housing cycle to the generation waves (boomers, X’ers, and the new-boomers), we can easily and accurately predict housing trends.These numbers are wildly off-base for the Charlottesville/Central Virginia market.
2004-2005 Stats
For those of you who like data, check out the PDF file in the extended area below.
Market Stats
Our MLS just released a more robust statistical engine.