ALBEMARLE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in June, with 159 sold this month in Albemarle County Real Estate versus 145 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2024.

Versus last year, the total number of homes available this month is higher by 51 units or 17%. The total number of active inventory this June was 343 compared to 292 in June 2024. This month's supply remained stable as compared to last month.

Last June, the median sale price for Albemarle County Homes was $526,208. This June, the median sale price was $593,000, an increase of 13% or $66,792 compared to last year. The current median sold price is 3% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 2.2 months of supply available in Albemarle County, compared to 1.9 in June 2024. That is an increase of 12% 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.

This month there were 169 homes newly listed for sale in Albemarle County compared to 167 in June 2024, an increase of 1%. There were 132 current contracts pending sale this June compared to 123 a year ago. The number of current contracts is 7% higher than last June.

In June, the average sale price in Albemarle County was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 21, lower than the average last year, which was 34, a decrease of 38%.





FOCUS ON: ALBEMARLE COUNTY HOUSING MARKET			JUNE 2025

Units Sold 159	Active Inventory 343	Median Sale Price $593,000	Days On Market 21

Up 5% Vs. Year Ago	Up 17% Vs. Year Ago	Up 13% Vs. Year Ago	Down -38% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 159 sold this month in Albemarle County Real Estate versus 145 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 51 units or 17%. The total number of active inventory this June was 343 compared to 292 in June 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last June, the median sale price for Albemarle County Homes was $526,208. This June, the median sale price was $593,000, an increase of 13% or $66,792 compared to last year. The current median sold price is 3% higher than in May. 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 132	Sold Vs. List Price 99.3%	Months of Supply 2.2

Up 1% Vs. Year Ago	Up 7% Vs. Year Ago	No Change Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In June, there was 2.2 months of supply available in Albemarle County, compared to 1.9 in June 2024. That is an increase of 12% 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 167 in June 2024, an increase of 1%. There were 132 current contracts pending sale this June compared to 123 a year ago. The number of current contracts is 7% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Albemarle County was 99.3% 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 34, a decrease of 38%.



	*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.