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| MAY 2025 | |||
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| Units Sold 145 |
Active Inventory 337 |
Median Sale Price $575,000 |
Days On Market 21 |
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| Down -15% Vs. Year Ago |
Up 19% Vs. Year Ago |
Up 15% Vs. Year Ago |
Down -28% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 145 sold this month in Albemarle County Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 53 units or 19%. The total number of active inventory this May was 337 compared to 284 in May 2024. This month's total of 337 is lower than the previous month's total supply of available inventory of 342, a decrease of 1%. |
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Median Sale Price
Last May, the median sale price for Albemarle County Homes was $500,000. This May, the median sale price was $575,000, an increase of 15% or $75,000 compared to last year. The current median sold price is 1% higher than in April. 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 224 |
Current Contracts 153 |
Sold Vs. List Price 101.2% |
Months of Supply 2.3 |
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| Up 4% Vs. Year Ago |
Down -6% Vs. Year Ago |
No Change Vs. Year Ago |
Up 40% Vs. Year Ago |
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Months of Supply
In May, there was 2.3 months of supply available in Albemarle County, compared to 1.7 in May 2024. That is an increase of 40% 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 224 homes newly listed for sale in Albemarle County compared to 215 in May 2024, an increase of 4%. There were 153 current contracts pending sale this May compared to 162 a year ago. The number of current contracts is 6% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Albemarle County was 101.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 29, a decrease of 28%. | |||
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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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