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| Focus On: Albemarle County Housing Market | December 2019 | ||
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| Units Sold 143 |
Active Inventory 326 |
Median Sale Price $395,000 |
Days On Market 76 |
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| Up 25% Vs. Year Ago |
Down -15% Vs. Year Ago |
Down -3% Vs. Year Ago |
Down -1% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in December, with 143 sold this month in Albemarle County Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 58 units or 15%. The total number of active inventory this December was 326 compared to 384 in December 2018. This month's total of 326 is lower than the previous month's total supply of available inventory of 430, a decrease of 24%. |
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Median Sale Price
Last December, the median sale price for Albemarle County Homes was $406,385. This December, the median sale price was $395,000, a decrease of 3% or $11,385 compared to last year. The current median sold price is 18% higher than in November. 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 60 |
Current Contracts 91 |
Sold Vs. List Price 98.3% |
Months of Supply 2.3 |
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| Up 11% Vs. Year Ago |
Up 26% Vs. Year Ago |
Down -1.2% Vs. Year Ago |
Down -32% Vs. Year Ago |
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Months of Supply
In December, there was 2.3 months of supply available in Albemarle County, compared to 3.4 in December 2018. That is a decrease of 32% 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 60 homes newly listed for sale in Albemarle County compared to 54 in December 2018, an increase of 11%. There were 91 current contracts pending sale this December compared to 72 a year ago. The number of current contracts is 26% higher than last December. |
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Sale Price to List Price Ratio
In December, 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 76, lower than the average last year, which was 77, a decrease of 1%. | |||
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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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