CAAR releases sales report for 2000’s fourth quarter
The Charlottesville Area Association of Realtors has released its home sales report for the final quarter of calendar year 2020. In summary, mortgage rates are at a historic low which may be fueling recent activity in the market. (download the report)
“Sales are surging in the CAAR area housing market,” reads the executive summary of the report. “There were 1,278 sales in the 4th quarter, a 23 percent jump from last year.”
There has also been an increase in the median sales price, which was $348,050 in the region during the period, or a 13 percent rise over the previous year. There are also fewer homes on the market, which is likely contributing to the increase in sales prices.
The report covers the same jurisdictions in the Thomas Jefferson Area Planning District. They are Charlottesville, Albemarle, Fluvanna, Greene, Louisa, and Nelson.