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| APRIL 2025 | |||
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| Units Sold 106 |
Active Inventory 341 |
Median Sale Price $572,500 |
Days On Market 25 |
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| Down -7% Vs. Year Ago |
Up 20% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down -56% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 106 sold this month in Albemarle County Real Estate versus 104 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 58 units or 20%. The total number of active inventory this April was 341 compared to 283 in April 2024. This month's total of 341 is higher than the previous month's total supply of available inventory of 305, an increase of 12%. |
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Median Sale Price
Last April, the median sale price for Albemarle County Homes was $530,000. This April, the median sale price was $572,500, an increase of 8% or $42,500 compared to last year. The current median sold price is 6% higher than in March. 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 229 |
Current Contracts 154 |
Sold Vs. List Price 101.8% |
Months of Supply 3.2 |
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| Down -2% Vs. Year Ago |
Down -8% Vs. Year Ago |
No Change Vs. Year Ago |
Up 30% Vs. Year Ago |
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Months of Supply
In April, there was 3.2 months of supply available in Albemarle County, compared to 2.5 in April 2024. That is an increase of 30% 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 229 homes newly listed for sale in Albemarle County compared to 233 in April 2024, a decrease of 2%. There were 154 current contracts pending sale this April compared to 168 a year ago. The number of current contracts is 8% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Albemarle County was 101.8% 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 25, lower than the average last year, which was 57, a decrease of 56%. | |||
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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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