CAAR Reports Another Stagnant Quarter for Area’s Real Estate Market

Real Estate Report: Crozet Housing Sales Drift Downward as Prices Rise

Local real estate sales in the second quarter of this year fell 6% from the same time last year to 96 total sales. The drop was more evident in Albemarle County as a whole, where quarterly sales slid 14%. But to folks who follow real estate, these small drops aren’t the whole story. The market is cooling and drifting back to conditions existing prior to Covid. Re-sale homes are sitting on the market a little longer, builder spec homes are being i

CAAR reports another stagnant quarter for area’s real estate market

The parallel trends of reduced home sales and higher prices continue as reported this week by the Charlottesville Area Association of Realtors. In the six localities tracked by CAAR, there were a total of 1,087 sales in 2025’s second quarter. That’s 13 fewer than the same period in 2024. The median sales price across the region is $485,000, an increase of $25,000 over the equivalent time in 2024. However, the median price for sales of new constr…