The latest quarterly report from the Charlottesville Area Association of Realtors shows a real estate market with more active listings than a year ago with no growth in the median sales price. (read the report)
There were 1,071 active listings between January 1 and March 31 of this year compared to 875 in the same period in 2025. The median sales price remained at an average of $450,000 across the region with differentiations in each locality.
Sales prices were down seven percent in Greene County and six percent in Fluvanna County. Prices were slightly up in both Albemarle and Charlottesville with figures of $550,00 and $477,500 respectively.
Fluvanna County had the lowest median sold price with $347,500 followed by Greene County at $396,950. Next is Nelson County at $415,000 and Louisa County jumping from $373,782 in the first quarter of 2025 to $455,000 for this year.
Total sales across the region were down slightly with 683 recorded compared to 695 in the first quarter of 2025.
Sales volumes were down 31 percent in Nelson County and 11 percent in both Albemarle County and Fluvanna County. Sales were up 33 percent in Charlottesville and 37 percent in Greene County.
“Both of these localities also had a big surge in pending sales (new contracts) during the quarter, indicating stronger buyer activity in those markets compared to last year,” reads the report.
Properties have also been on the market much longer this year increasing from 18 days in the first quarter of 2025 to 28 days in 2026. Homes are selling fastest in Greene with an average of six days on the market compared to 54 in Fluvanna County.
Interest rates have dropped from an average of 6.83 percent for a 30-year fixed rate a year ago to an average of 6.23 percent as of April 23, 2026.
The report also looks ahead to the future and states that this spring could be “choppy.”
“Within the first quarter, February was the only month that sales activity outpaced last year, and this correlated with mortgage rates falling,” reads the report. “This suggests that the pace of the spring market will be largely dependent on the direction of rates.”
Before you go: The goal of Town Crier Productions is to increase awareness about what is happening at the local, regional, state, and federal government levels. Please share the work with others if you want people to know things. Paid subscribers cover the cost of conducting research for this article which was originally published in the May 4, 2026 edition of Charlottesville Community Engagement. You can either subscribe through Substack or make a charitable contribution.
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