May 2022
2022 First Quarter Sales Report
Inventory is at historically low levels in the CAAR region. Supply continued to fall in the first quarter, but the year-over-year inventory declines have moderated, suggesting that inventory might be bottoming out. Across the CAAR footprint, there were 472active listings in the region at the end of the first quarter. Inventory is down by just 16 listings, or 3%, compared to the end of the first quarter of 2021. Compared to a year ago, the number of active listings increased significantly in Fluvanna County, Greene County, and Louisa County. Despite those gains, the number of homes on the market in the CAAR region almost a third of what it was in the first quarter of 2020, before the onset of the pandemic.