How should I read the Albemarle County numbers?
Median sale price is the middle closed price, so it is not pulled up by a few large sales the way an average is. Median days on market counts from list date to contract date. Months of supply divides active listings by the recent monthly sales pace: under three months favors sellers, three to six is balanced, over six favors buyers. All figures are for the trailing period ending on the date above and cover residential sales recorded in the MLS for Albemarle County. They exclude off-market and for-sale-by-owner transactions.
Is Albemarle County a good place to buy or sell right now?
That depends on your price band, which the headline medians do not show. An agent from our Charlottesville office can pull the same statistics for your specific sub-market and price range and tell you what comparable homes actually sold for in the last 90 days. That analysis is free and is the same one we run before listing a home.
Related reading: Who are the best real estate agents in Charlottesville, VA? A broker's comparison
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