I’ve referred to this chart so many times in the past few days, I thought I’d write another post.
(most of) The Charlottesville real estate market remains highly active. But … Amazingly, we are entering the seasonally and expected less active part of the market.
That green bump at the end is likely representative of new construction closings- 70 of the 296 December 2016 closings were new construction; 50 of the 256 in November 2016 were new.
If you’re thinking about buying in 2017, figure out your market, and look at the past 6 and 15 months of inventory that fits, and use that as a metric by which to set your expectations for the rest of the buying season.
If you’re thinking about selling in 2017, now would be a good time to have that serious conversation; there is a market-driven sense of urgency.