Nest has completed our 2013 Mid Year Nest Report. Download the whole report here. 2013_Q2_NR.
To summarize: The market continues a cautiously optimistic upward trajectory. Sales are up in the County and slightly down in the City. However, many believe that the City transactions have been limited only by a low inventory. In the City and Country median prices are up 4.6% and 6.4% respectively from this time last year.
Inventory is virtually identical in size to last year, producing a slightly lower months of inventory at 6.14.
3rd Quarter looks positive as contracts written in 2013 were up more than 12% in the 2nd quarter.
29.3% of homes sold in Albemarle went under contract in LESS THAN 10 DAYS.
And Nest is proud that through June 30, we were the #1 Firm in Central Virginia in volume of Buyer Representation. We helped more people than any other company find homes. And that makes us happy.