Albemarle County VA Real Estate Market Report | May 2012

Albemarle County Real Estate
Home Sales Market Report for May 2012

131 Albemarle County Homes Sold for $44,923,353 in May 2012
92 Single Family Homes | 27 Townhouses | 12 Condos
Lowest Sale: $75,000 | Highest Sale: $1,455,000

  • Total Home Units Sold: 131
  • Average Sales Price: $342,926
  • Median Sales Price: $290,000
  • Average List to Sales Price: 95.04%
  • Average Days on Market: 106

The Albemarle County real estate market experienced an increase in home sales in May 2012.
A total of 131 homes sold in May compared to 107 homes in April.

Albemarle County Home Sales by Price Range - May 2012

51.1% of Albemarle County home sales in May occurred in the below $300,000 price range.
8 Albemarle County foreclosures and 9 Albemarle County short sales sold this month.
Distressed property sales made up 13% of the Albemarle County real estate market in May.

Albemarle County Real Estate Absorption Trend - May 2012

Based on the market absorption trend the Albemarle County real estate market is in a buyer’s market.

View Recent Albemarle County Real Estate Market Reports Here:
Albemarle County Real Estate Market Report – April 2012
Albemarle County Real Estate Market Report – March 2012

If you are looking to buy or sell an Albemarle County home, it’s imperative that you hire a REALTOR® who knows the market. If you are considering selling your home in Albemarle County and you would like a FREE comparative market analysis, give us a call at 434.882.1055 to set up an appointment. If you are interested in buying an Albemarle County home, start your home search now:

Just Listed Homes in Albemarle County:

 

Click Here to Browse ALL Albemarle County Homes For Sale Now

Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

Copyright © 2012 by Allegra Williams
Albemarle County VA Real Estate Market Report | May 2012

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