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| JULY 2024 | |||
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| Units Sold 135 |
Active Inventory 198 |
Median Sale Price $522,400 |
Days On Market 22 |
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| Up 3% Vs. Year Ago |
Down -6% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -42% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 135 sold this month in Albemarle County Real Estate versus 134 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 3% versus July 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 6%. The total number of active inventory this July was 198 compared to 211 in July 2023. This month's total of 198 is lower than the previous month's total supply of available inventory of 201, a decrease of 1%. |
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Median Sale Price
Last July, the median sale price for Albemarle County Homes was $495,646. This July, the median sale price was $522,400, an increase of 5% or $26,754 compared to last year. The current median sold price is 2% 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 118 |
Current Contracts 100 |
Sold Vs. List Price 100.6% |
Months of Supply 1.5 |
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| Down -20% Vs. Year Ago |
Down -6% Vs. Year Ago |
No Change Vs. Year Ago |
Down -9% Vs. Year Ago |
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Months of Supply
In July, there was 1.5 months of supply available in Albemarle County, compared to 1.6 in July 2023. That is a decrease of 9% 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 118 homes newly listed for sale in Albemarle County compared to 147 in July 2023, a decrease of 20%. There were 100 current contracts pending sale this July compared to 106 a year ago. The number of current contracts is 6% lower than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Albemarle County was 100.6% 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 22, lower than the average last year, which was 38, a decrease of 42%. | |||
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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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