Charlottesville home prices hit 'all-time high,' slowing market
With a median price tag of $445,900, homes for sale in the Charlottesville area are at an 'all-time high,' according to Lisa Burroughs, president-e...
August 4, 2023
5:46 AM
With a median price tag of $445,900, homes for sale in the Charlottesville area are at an 'all-time high,' according to Lisa Burroughs, president-elect of the Charlottesville Area Association of Realtors. That's more than $28,000 more expensive than prices at this time last year — a 7% increase, according to the association's second quarter report out Wednesday. A 'chronically low inventory' combined with a 'robust' pool of buyers has pushed up the price of homes and slowed the real estate market.
Haley Sandlow