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| JULY 2025 | |||
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| Units Sold 129 |
Active Inventory 316 |
Median Sale Price $525,000 |
Days On Market 40 |
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| Down -7% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 74% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 129 sold this month in Albemarle County Real Estate versus 160 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 7% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 6%. The total number of active inventory this July was 316 compared to 298 in July 2024. This month's total of 316 is lower than the previous month's total supply of available inventory of 349, a decrease of 9%. |
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Median Sale Price
Last July, the median sale price for Albemarle County Homes was $517,412. This July, the median sale price was $525,000, an increase of 1% or $7,588 compared to last year. The current median sold price is 10% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 150 |
Current Contracts 122 |
Sold Vs. List Price 97.1% |
Months of Supply 2.4 |
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| Up 1% Vs. Year Ago |
Up 22% Vs. Year Ago |
Down -3.5% Vs. Year Ago |
Up 13% Vs. Year Ago |
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Months of Supply
In July, there was 2.4 months of supply available in Albemarle County, compared to 2.2 in July 2024. That is an increase of 13% 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. |
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New Listings & Current Contracts
This month there were 150 homes newly listed for sale in Albemarle County compared to 149 in July 2024, an increase of 1%. There were 122 current contracts pending sale this July compared to 100 a year ago. The number of current contracts is 22% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Albemarle County was 97.1% of the average list price, which is 3.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 40, higher than the average last year, which was 23, an increase of 74%. | |||
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| *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. |
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