This Albemarle County Real Estate Market Report examines the sales of single family detached homes during September 2010.
September 2009 average list price $423,346.
September 2010 average list price $399,758.
September 2009 average sale price $399,352.
September 2010 average sale price $384,153.
September 2009 median sold price $367,500.
Septmeber 2010 median sold price $321,000.
September 2009 %sold/list 94.33%.
September 2010 %sold/list 96.09%.
From 1/1/2009-9/30/2009, 502 homes sold on the Albemarle County real estate market. In the same time period this year 534 Albemarle homes sold.
As you can see from the graph September did not see many homes with contracts that closed, however if you look at pending sales, October should see a higher number of sales. 2010 so far this year is ahead of 2009, but only just. The market seems to be bumping along the bottom. We can also see that prices have dropped from 2009. With interest rates at all time lows, we would think that people would want to avail themselves of the opportunity to purchase a home, but consumer confidence remains low.
The above information is from the mls and while it is assumed to be correct it is not guaranteed.