CAAR report: Slowest first quarter in real estate in seven years
The real estate market began 2023 with lower volumes than recent years according to the latest report from the Charlottesville Area Association of Realtors.
“There were 688 homes sold in total across the area in the first quarter of 2023, down 23 percent from last year, the lowest first quarter sales total since 2016,” reads the executive summary for the CAAR Home Sales Report for the period between January 1 and March 31. “This is the slowest first quarter the CAAR market has had since 2016.”
Read more