 |
|||
 |
|||
| | |||
| AUGUST 2025 | |||
| | |||
| Units Sold 131 |
Active Inventory 366 |
Median Sale Price $527,500 |
Days On Market 33 |
|
|
|
|
|
| Down -5% Vs. Year Ago |
Up 27% Vs. Year Ago |
No Change Vs. Year Ago |
Up 6% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in August, with 131 sold this month in Albemarle County Real Estate versus 129 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 5% versus August 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 78 units or 27%. The total number of active inventory this August was 366 compared to 288 in August 2024. This month's total of 366 is higher than the previous month's total supply of available inventory of 327, an increase of 12%. |
|||
Median Sale Price
Last August, the median sale price for Albemarle County Homes was $530,000. This August, the median sale price was approximately the same at $527,500. The current median sold price is also similar to the median price in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 169 |
Current Contracts 93 |
Sold Vs. List Price 98.3% |
Months of Supply 2.8 |
|
|
|
|
|
| Up 21% Vs. Year Ago |
Down -21% Vs. Year Ago |
Down -1.2% Vs. Year Ago |
Up 33% Vs. Year Ago |
| | |||
Months of Supply
In August, there was 2.8 months of supply available in Albemarle County, compared to 2.1 in August 2024. That is an increase of 34% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
|||
New Listings & Current Contracts
This month there were 169 homes newly listed for sale in Albemarle County compared to 140 in August 2024, an increase of 21%. There were 93 current contracts pending sale this August compared to 117 a year ago. The number of current contracts is 21% lower than last August. |
|||
Sale Price to List Price Ratio
In August, the average sale price in Albemarle County was 98.3% of the average list price, which is 1.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 33, higher than the average last year, which was 31, an increase of 6%. | |||
 |
|||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by CGAHR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CGAHR or Long & Foster Real Estate, Inc. |
|||