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CAAR Housing Market Reports


Listing & Selling Realtor Bridget Archer

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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.

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Dec 2021

Dec 2021 4th Quarter Sales Report

There were 1,228 homes sold in the CAAR region during the fourth quarter. Sales were down 5% compared to last year at this time, a decline of 59 sales. This is the second quarter in a row of year-over-year sales declines in the region.

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Dec 2021

Dec 2021 Home Sales Indicator Report

Inventory shortage is getting worse, large drop in active listings and new listings.

There were just 436 active listings in the CAAR footprint at the end of December, 213 fewer listings than a year ago, which is a 32.8% reduction. After a small uptick in November, new listings declined again in the region, down 17.5% from last December, which is 54 fewer new listings.

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Nov 2021

Nov 2021 Home Sales Update
Sales activity was flat in the Charlottesville area compared to last November.

"Sales activity was flat in the Charlottesville Area compared to last November."

"There were 377 sales across the CAAR footprint in November, 1 fewer sale than a year ago, inching down less than 1%. The CAAR housing market has cooled down compared to the red-hot growth earlier this year and last year. Locally, sales activity slowed down in Nelson County (-32.8%) and Albemarle County (-13.3%) from last year. November sales were up year-over-year in Greene County (+60.0%) and Louisa County (+36.8%).""

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Nov 2021

Charlottesville Area Home Sales Report
Third Quarter Report

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